Flipping flooded houses in Baton Rouge area

[Larry H.]

We are primarily buy and hold investors in multi family properties, but since the flooding in the Baton Rouge area I have been presented with multiple houses that people want out of and the prices are irresistible. Has anyone flipped a flooded house or currently flipping one? The particular one I am going to pull the trigger on got 4 feet of water and I'm told it is already gutted. How much have were the costs to rehab using "flip quality" materials and appliances? By that I mean nice looking stuff but maybe GE appliances and cheap granite, laminate floors, etc