Flood bikes definately are worth less than even a plain salvage titled bike. We try to stay away from them, but if we do get one in, that will be the first thing we tell you about the bike. Ageed. Call a spade a spade. People will always find out in the end and it only hurts your reputation. As for things to look out for on this bike, I believe Lizard covered most of it. However, I will add the harness to the mix. Salt will be the dividing factor on that. If it was in salt water, the effects are much worse than lake or creek water. For the money, I don't think it was to bad of a buy. SV's hold their value well.