House with previous flooding issues

[Bonnie Hybner]

I recently acquired a house that has flooding issues. Neighbors claim that the house floods a foot of water every December. Previous owner said he only knew of one time water entered the house and he filed a flood claim. Since I am a full disclosure landlord, I feel it would be unethical to omit this information so I am having a hard time finding a tenant and I understand why. Should I just sell this place and move on? I bought it because it was close to the water and a highly desired school district. I am not making too much off it every month after paying back my loan. Thanks for any input!