Houston - Buy and Hold in flooding zone
What are your opinions about buying rental property in a flooding zone? I rented in one area and it survived through Harvey - the street was flooded but the water never made it to the garage. However, the area is in a flooding zone according to harris county flood map. The flood insurance is required in order to finance the house via a bank. For buy and hold investor, do you guys invest in these property since the flood insurance is pretty high.
Thanks all