The 40213 for first SFR investment

[Matthew Vallandingham]

Hello, I'm brand new to real estate investing, I've read several books and listened to many BP podcasts and others. I'm looking at houses in the 40213 zip code. My concern is the flood zone (which is a huge portion of south Louisville), I looked at one house and it is in the FEMA flood zone, however the house has never flooded since it was built in 1963 but flood insurance is an extra cost which I would have to include in my numbers.

Does anyone have any experience with 40213 and/or buying in a flood zone?