This is great news for those properties that are in the high-risk flood zone, I would suggest that you do two thing flood mitigation (comes in many forms and sometimes you can get access to grants and loans to do the work) and transfer your risk through insurance, just make sure you are working with someone who is savvy in the emerging private flood market and NFIP you don't want to overpay if your agent writes the policy incorrectly and you don't want to buy a policy that an agent that doesn't specialize in flood insurance might sell which sounds good on price but really isn't coverage that will get you back to whole.Last note every community has a FLOODPLAIN MANAGER a government job, I would suggest if you are going to do any mitigation work get their thoughts and council, they can also offer resources and contractors or surveyors that can make sure your mitigation is doing what you want that is routing the water away from your structures.   

. :)  I just worry about these west coast folks buying one 40k rental in the mid west not really understanding the tenant demographic etc.. now Granted INdy is safer than say a 40k rental in Memphis that I agree with .. but its just a degree of safety .

I'm going to side with @Ericka Grant here. 

I recently listened to both Grant Cardones  podcasts. 

I just listened to the latest BP podcast interview with Grant Cardone and started thinking about Grant's concept of "buying outside of my budget."

Granted the leads I have found were already investor owned so that could be part of the problem!

Granted, I've got super tenants, but I also try hard to work with them on issues & keep them as long-term residents.

My tenants of course didn't appear in court and I was granted a writ right away. 

For more on this topic check out Grant Cardones latest BP interview. 

Hello @Stefan Grant, glad to have you here!