In other words, the previous owners were operating it like a duplex and renting out both units to different people...

@Isaac Gwin most of the people out there saying, "we are due for a correction" are not even invested in real estate and lack understanding of how the housing market operates.

Your operating agreement should tell you what you are. 

The properties we target had a YOY increase in rent of 14.3% and appreciated 18% (May 2021).Low Operating Cost - In a location where operating costs are low and regulations favor investors.When I first moved to Las Vegas (about 16 years ago), I did a lot of research concerning tenant pools.

I think you can just tell the operator when you call you have a property in a flood plain and need to discuss with that dept to better advise you.Best of luck 

Find a mentor/coach or invest passively in a deal with an operator that is willing to help you learn.

Some states operate quick while others take their time.  

First, unless the mtg has a PR provision, and unless the was a real estate related loan as opposed to a loan for the operation of the primary business of the corp, it probably does not, the lender doesn't have a contractual way to value the property as an asset securing the debt making setting a PR price difficult. 

At the time I owned and operated my own plumbing business and decided to get involve with a fix & flip with my investment partners.

At the time I owned and operated owned and operated plumbing business and decided to get involve with a fix & flip with my investment partners.