Why doesn't everybody buy Rentals down South?

[Account Closed]

Let me start by apologizing if this is posted in the wrong spot or with the wrong headings, but I've been developing my life around my strategy, and am actually going to move to NC/SC to live and buy rental properties. My units in PA had pipes freeze this winter and I got to thinking: Why deal with this if I don't HAVE to?  The duplex is built in 1910, cash flows well, but has snow sitting on the roof half the year, I have to replace the furnace already, worry about ice/snow removal, and of course, had to pay for that frozen pipe (that goodness it didn't burst).   

I'm moving to be an owner occupant of one or multi-family homes and hopefully get the benefits there (tax/mortgage) before I buy a SF.  

I know people like to invest local, have different strategies and look for the best cap rates in decent neighborhoods, but can't everyone find that down South also?  

Why deal with the cold and the older homes?