The repairs are going to cost more than I can use in the roth but I can't decide if it would be best to go ahead and spend what I had planed from the roth before I take it and the money out. 

Sounds like you are in the 100 year flood plane and not the 500 year flood plane, which is worse. 

I have been "planing" to get into real estate ever since i read the first Rich Dad book ca. 2004-5 but never got into it.

However, if you find yourself in a plane headed for South Carolina I'd be thrilled to show you the difference.

Thanks for the welcome all, and @Robert Lorenz I actually planed on going to the meeting later this month.

I am planing to buy the house and rent it.How can I know the value of the property?

Personally, I have only done a few wholesale deals where a plane was needed.  

The key is to get a deal on the land and build new construction, so that you can elevate enough to compensate for the flood plane. you cant go wrong investing in this area. the price point may be a little high, but you will still gather a return.

then he told me that i owe his father $2000 (which i did and planed on paying).

I am planing to drive out and check it out today because the sell is coming up in April.