My husband and I are looking for our homestead property. I had been watching a place online and the price has been dropping in large chunks, like 20k very few weeks. So we went to see it with a realtor. House is 1960's model, so some updating there. Downside is the mechanicals are all original, but there is a wood stove and pellet stove already installed. There are 2 very nice barns, I call them him and her barns...one is a giant man-cave barn with concrete floors and an exercise room, complete with cable TV. The other barn is set up for horses, goats and chickens. There is a small fenced pasture, a place for a shooting range, about 10 acres in alfalfa, some fruit trees and a large pond, which is mysteriously bone-dry. The reason the property is distress, and going to be a short-sale, is the 100 year flood plain was just redrawn. The very nice barns are now in the flood plain and the line in fact only misses the house by a few feet. The mystery compounds when you put together the fact that in the barn's exercise room, about a foot of the drywall and insulation have been removed from the bottom. There is a large ditch/creek to the east of the property. The realtor mentioned we could have the property with the barns carved off from the rest and purchase with cash and put the mortgage on the house and rest of the property, negating the need for flood insurance on the house. I suspect has been done in the past because there are already 3 property tax records associated with this property. Now the question. This property could be had for a significant amount of money less than comparables, probably under 200k. We are in a position to purchase barn for cash. Our concern is when we would go to sell, probably decades away, we would also have the same problem with selling the place presumably. We are being cautious and thinking through all options. My husband thinks some very tall hugelkulture beds placed to the east would stop the possibility of flooding to the property, but the property is scarred with this flood plain designation. Any thoughts?