As for flood or no flood every property, every structure is at risk of flooding even if they are not in a high-risk flood zone and some of these flood zones are more political than most people realize, my real meaning is that most of Houston (as an example) should be in a flood zone but selling homes that require flood insurance is a deterrent (especially if a new development) so maps get redrawn not giving the real risk this is why 90% of all the claims that came in from Harvy were in X flood zones which are considered low risk.

I figured visually seeing the distress would be very helpful.

I know this is difficult to visualize without seeing the house. 

I can't really get a clear visual whether it will be profitable or not since taxes are such a huge part of the equation.

I find them to be a deterrent to the initial relationship. 

It could be groundwater but just worried since I can't visually determine the source of the water nor where it's flowing into...

You are better off when you are new to target what you really want to work with (old people with equity, preforeclosure, divorce, probate, visually rundown).

I'd also run numbers to visualize cashflow and get your feet wet. 

Here is a link to the Calculator tools here on the site which might help with the math and a visual representation https://www.biggerpockets.com/... .

Visually it looks dry though and not wet at all.