After screaming at me they calm down.  

As an investor, you have the additional expense of flood insurance on top of regular operating expenses.I wouldn't buy a screaming deal in a flood plain or flood prone area - it's not worth the headaches, worry, and exit strategy is much more difficult.

@Kate Hayes, Multi-family have the advantage of much lower per-door prices but with closer rent-rates to that of single family homes.

More millennials are moving to SA than just about any city in the U.S. and the I-35 corridor between SA and Austin is just flat out screaming growth.  

[iv] While there are certain analysts screaming the “B” word,[v] I just don’t see this market witnessing unsustainable growth.

I do not have enough information to know for sure, but everything about this deal screams scam to me. 

So what you're basically saying is this property isn't exactly screaming DEAL, and to give it a little more time.

LOL that screams white trash to me.

I don't even have to physically visit the property.But, there are other ways to add value to a property, too, that don't necessarily require finding a screaming SFR deal.

@Randall Kates thanks I'll PM you for the info.