Modular homes good or bad?

[Dylan Eggers]

Im a 20 year old in Colorado looking to purchase my first rental property! I found a property with some potential, its been on the market for over a year now and they have dropped the price all the way from 210k to 165k. Comparable rents are at about 1300, and I ran it through the rental calculator and it should cashflow nicely. The only problems I see with it is its in a flood zone next to a river, and its a modular home. Any advice on this would be great? Thanks.