IMO you need separate flood determinations for each property, otherwise how will you know which property is in the flood zone if the determination comes back positive? I’m also thinking about the life of loan monitoring you most likely have with your flood determination vendor. There could be map change affecting one property and not another, which could make it difficult for you to determine which property has had a change – and when your being held to strict timeframes, as with flood regulations, the cleaner you can make the process the better.
