But, i do have a couple of LLC's, mainly for transferring property to children or spouse when I drop dead. 

Once it's filed it will be very challenging to find a lender that will do it.

That's a factor to consider if you have children and want them to be in a good school district.  

Challenges?

I’m curious to hear from other investors who have ventured into flooded properties such as what challenges did you face, particularly with insurance and permitting?

@Drew GiltnerHey Drew, I saw your post and can definitely relate to the challenge many new investors have with analysis paralysis and getting started. 

Visa and FinancingYou're correct that securing a mortgage might be challenging without legal status or a W2 job.

Challenges?

The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.

Challenges?