The landlord has been charging  approximately a much lower rent than that of comparable properties in the area.

In C areas, prices even lower and rents almost the same. 

The advantages - I keep my rents a little lower than market so my residents don't want to leave. 

With the BRRRR route, we will have to start slow and go with one house at a time (if we consider lower priced homes) to build our portfolio.

Also, find out if the property is grandfathered in for any lower rates in NFIP. 

The only other option was buying ourselves a lower interest rate to satisfy the self-sufficiency clause.

Nervous about jumping on a good opportunity to purchase a 40 unit deal in a lower income area.

Any home that has sufficient elevation can get a lower price, even if the home has flooded before.

With smaller unit buildings your costs may seem more controlled with lower amounts of cash needed.

Business income is taxed higher, but his income is not business and won't be taxed higher than ordinary rates.The only things that are taxed lower then ordinary income are long-term capital gains and C-corporation income.