My mortgage agent’s manager appealed to FNMA twice, he said they won’t budge on this.

Also any luck with FEMA removing it out of Flood Plain after your E-LOMA appeal??

The house previously had window units and taking those out just makes the house have better curb appeal while letting me get more in rent.

If I was in your shoes, I would look at what factors are driving demand in the areas you have mentioned and see if that makes it more appealing than Creve Coeur.

LOL But I experimented anyway and it gave my apartments a ver modern appeal.

Also any luck with FEMA removing it out of Flood Plain after your E-LOMA appeal??

If you have a $1000 mortgage every month, based on what you said where taxes are 75% of the mortgage payments, you're property taxes would be $9K per year which is really high.Did you submit an appeal to the city?

I am just getting started, so it appeals to me in the fact that I could get into a home for 3.5% down and also be able to look at properties that are value add.

The new builds appeal to me in this way because I don't need to do any work on it. 

Being able to control that your project is going to be unique and does not look like anything else without having to convince an owner of partners is very appealing to us.