Purchase price: $154,431 Cash invested: $122,578 Sale price: $309,100 Hurricane flooded fix and flip.

Can fix the water damage in the basement yourself.

These aren't only in the flood-prone areas.

I would also look at the availability of public water and public sewer, if not at the site how far away are those services.

Repost from a few years ago:We had a flood several years ago. 

@Edreco AmosMiami’s market can be tricky for cash flow since condo fees and insurance costs can eat into your profits, especially with newer buildings or those near the water.

Water overflowing the sink, seems more plausible than some missing caulk.  

Away from the coast, no hurricanes, fires, floods - we don't even have snowstorms anymore.People can deny climate change all they want or blame it on sun cycles, and frankly, it does not even matter, the reality is that insurance cost will force the issue.You can try to rebuild and you can put houses on stilts in flood areas, or fortify them against high winds and fires, but that makes it expensive.

How well did they handle the recent floods?

The issue with watering your foundation is that you have to do it always, every year without a break in order to achieve the desired effect.