Buying in a area that was hit with floods/tornadoes?

[Jason Hastings]

My question is:

Is buying properties that were recently hit by floods because of the crazy weather that the Midwest have been hit with, is this something that is worth looking into?

It kinda seems like a double edge sword to me, people's homes have been lost to tornadoes or flooded out. It's a terrible situation for these people, but does it does create opportunity? I know these homes need to rebuild and basically I am seeing if it is a area to look into more?

Finding flooded homes, buy them, fix them and put them back on the market. Thoughts? Am I crazy or is there good opportunity? Part of me feels bad for looking for opportunity when someone may have lost everything ... but then again so is buying foreclosed home.