That may or may not involve a trust. 

No agents involved.

One option I have is to demo and rebuild the house using insurance money but it will take about a year and lot of involvement.

Additionally, involve a real estate attorney to ensure the transaction aligns with legal requirements and protects both parties’ interests.

Really appreciate your perspective on how flood zone properties, especially in desirable Tampa Bay areas, can still hold strong demand despite the risks.After weighing everything, I ultimately decided to pass on this deal—the price felt too high for the risk involved.

Sounded like there was heavy paperwork involved.  

This issue, if caught early, is probably fixable with out insurance involvement because the deductible might be more than the repair cost.  

Yes, I have been involved with several "mold" properties that still had high mold levels after remediation.  

Sometimes occupants still live there and eviction is not easy, and I have even heard a story once that the yakuza are involved in the construction and real estate business and exorted money from buyers through occupants in these properties. 

It might be overpriced or might be correctly priced but is not generally desirable because of the work involved.