buy rental property in high risk flood zone?

Hi all, I’m looking at a two-family rental investment property which has been on the market for almost a year. Only problem I can see (although I haven’t made an offer and haven’t had an inspection) is that -as far as I can tell - it’s in a high-risk flood zone. I know the area well and it hasn’t flooded recently.

I will be paying cash so mortgage insurance is not an issue. I will also be renting it.

Wondering if anyone has any input on this.

I guess I would check the flood maps to find out how high risk. Then I would look into insurance and factor the higher premiums into your profit and loss. As long as the sales price reflects a realistic discounting to cover the additional risk, I do not see a problem with it.

Since the house has been on the market for a while, perhaps the owners are ready to negotiate in your favor.