If it is only for 1-3 years then everything else is pure profit with minimal ongoing maintenance then sure. 

Hello Hersh...as Chad and others have mentioned, not minimizing the "flood" risks, but natural disasters are prone to happen anywhere.  

There will be no charge and nothing pitched. 

I am currently looking at purchasing multiple properties from the same seller; was wondering if anyone had ideas on creative financing with minimal down.

To live there and keep paying their Mortgage AND whatever (minimal?) 

Am I wrong in thinking that the vast majority of sellers would intend to list their property with a real estate agent, and therefore the business proposition is that I as a wholesaler can maximize return in minimal time and a real estate agency can't.

I would suggest that you interview several Realtors and ask them the following questions, to ascertain if they are truly Investor Friendly, or if they are throwing you a sales pitch.

Work with the building department if you want to minimize hassles.  

Cash flow is minimal, CoC is minimal as well. 

Can you talk about past success when pitching somebody for money?