Flood, or not to Flood, That is the Question!

[Robin Edwards]

BP - I live in Houston, TX, and unless you have been living under a rock, you have heard about widespread flooding from Hurricane Harvey.  I personally did not flood, but there are neighborhoods that have been heavily affected.  

I am an aspiring RE investor with zero transactions under my belt.  Please give me some pro's/con's of seeking flooded properties, these are clearly distressed properties, but I want to go into this eyes-wide open.

Thanks,

Frank & Robin