From what I've heard from the podcasts, pretty much every home needs something done to it so repair costs at zero might be a little conservative. Also, I would NOT want a house in a flood zone because the insurance rates have unpredictable futures (from what I understand).
@Tzvi Balsam assuming he is planning on an FHA 3.5% down since he said he would be house hacking. @Sergey Vasylkov would be eligible for that since it would be his primary residence.