The flashing BF indicates that their is a hardware configuration problem with the master and the interface module.
When its first powered on, the interface modules BF indicator should be solid red. The module and master attempt to communicate. The module's address is sent to the master, then hardware configuration data should be sent to the interface module. If the master does not have the data for the node address supplied by the interface module, the modules BF indicator flashes.
Make sure that the hardware configured in the SIMATIC Manager is exactly the same as that attached to the module.