All original tenants were long term low rent tenants.

Ive also noticed a big trend in private lenders originating 2nds and gap funding and whatnot.

I also know that if I manage the project well, it will come in near the original estimate and at worst between the original and the high estimate.

It wasn't the messiest thing I've seen, but still required clean up on my end which the clients weren't happy about at all.The third client is a self employed hair dresser and she compained of poor communication, inability to understand what they wanted form her and complete confusion over their payroll directions.For the price paid, I'd say the results were mediocre at best.

Values are holding strong, with sellers receiving an average of 96% of their original list price.Townhomes & Condos: Expanding HorizonsWhile townhome and condo sales dipped by 19%, the median sale price edged up slightly to $420,000.

Sure, the median time to contract jumped from 21 to 35 days, but with 95% of the original list price still being met, realistic pricing and a great presentation can seal the deal.Townhomes & Condos: Options Galore and Room to NegotiateTownhome and condo sales saw a 17.8% dip, and cash purchases dropped by 8.1%, showing a bit of a shift in the buyer pool.

I've been interested in Real Estate for a long time now, was even a loan originator at one point.

We are all familiar with buying or originating a note and collecting  the interest until the notes pays off.  

Moot point then.But in response to your original question, no, I would not even consider climate in my choices for where to buy rentals or investment properties.

Is there a reason you want to invest in real estate beyond your original statement?