Thoughts/experiences on investments in floodplains?

[Corey Rippeto]

I am looking at a property that I was hoping to BRRR. The asking price is under $50k, it doesn't need much done to it (just a few cosmetics) and I believe it could rent for at least $800+/month. It looked like an awesome deal.
However, the agent informed me that it's in a flood plain. I'm currently unsure of whether or not the property, or other properties in the area have ever suffered flood damage. (it doesn't look like this one has, from what I can see)

So, I have a few questions for those who have purchased in a flood plain:

What has your experience with investing in properties inside of flood plains been like?

Have any of your properties actually been flooded? 

• If so, what happened as a result? Were the expenses large? Did you lose the tenants? How long did it take to recover and get the property bringing in cash flow again?

Would you recommend avoiding investing in properties that are in flood plains altogether?