What is actually required is that the tax payer for the old property be the same as the tax payer for the new property. 

That certificate is done by a surveyor and details the actual elevation of the property in relation to the flood zone. 

I am actually surprised you have not found any deals.

Wow, thanks for the insight Jennifer, getting an actual scenario on the numbers really help understand which side of the wind is blowing.

I've seen videos and read about it, but whats the actually process.

Has anyone here actually used it to successfully seek out any projects? 

Meet some investors that have actually done it, but get the knowledge!

There's a reason it's hard to get funding for this type of investment - the risk is huge.I know that's no answer to your actual question, but I definitely question your desire to do this.Good luck to you and please let us know how this turns out!

This will help you to be taken seriously and for them to actually add you to their buyers list.

Judging from the state of the property, and looking through windows, it doesn't seem that anyone has actually lived there for years.