Under contract on a Home in Flood Zone A - should I bail on the contract?

[Katie Camargo]

I am under contract on a lake front house but still in the due diligence period - I just learned that it's designated flood zone A. I plan to short and/or mid term rent it out and the numbers look reasonable without flood insurance. Rerunning them with flood insurance, they look ok but I'm worried about the impact on resale. Does anyone have a sense of whether flood zones impact the resale of lake front houses?