How do you deal with a property on a flooding zone?

[Rogerio Moura]

I'm looking at some deals and I found this one that is calling to me, it looks like a great deal for a long term rental, but, the property is on a flood zone...
Do you have any experiences with properties like this?
What are some of the things I should be concerned?
If you had any experiences with a property on a flood zone, how did you deal with it?
Thanks in advance!