Should I utilize the flood zone?

[Miguel Devaughn]

Forst off I am a HUGE rookie. I have been searching for a turnkey duplex for a while that needs little maintenance but will cash flow pretty decent.(First property and we have limited time to purchase and are tired of looking) Yesterday my real estate agent went and looked at a property thats just came back on the market because the previous buyer apparently had some last minute lender issues. The property is 1600 sq ft listed for $179,000 and when my agent got there the seller told her last minute that the property was a in a flood zone. I was thinking of putting in an offer at $170,000 for this reason plus I will have to redo the floors before I move in.

Im getting very impatient and really want to get the ball rolling on my first property but I always will never know my answer until I ask. What would you guys recommend?