STR/Campground in Flood Plain

[Lance Turner]

I found what seemed to be a great property with a house for an STR and other space that I could expand for camping/RV sites and a barn that could be converted into a venue for events. Unfortunately, I just learned it's in a flood plain.

I would never buy a home in a flood plain.  I'm hesitant to buy a rental in one.  I'm wondering if that might be less of an issue for something more rustic and temporarily occupied like camping/RV.

Any one have any thoughts, parallel experiences, or other basis for insight?  How would you manage risk?  Or is it just too much risk?