Under contract on a Home in Flood Zone A - should I bail on the contract?

[Katie Camargo]

I am under contract on a home that I plan to rent out- numbers look solid, but I just learned that it's in flood zone A. It is lakefront, but I'm wondering if I should bail. Insurance changes the numbers enough that it's less interesting and I'm worried about resale. Wondering if anyone has experience either way with properties in flood zone A?