Purchasing rental property with prior water damage

[Ayaan Aha]

So this would be my first investment purchase. The owner of the house has listed the property for sale in auction but however he will accept offers. My concern is the Water damage that was fixed by the Insurance company. Is this something i should be concerned about? The agent said there was water leakage from the second floor and everything was fixed by the insurance company. I will recieve clear title. Do you think my insurance premuim will go higher if I own the property, Not sure how this works. And Is it even worth investing in a water damaged property?