Every month of the year has nice average weather.It certainly is not cheap to live in San Diego (fortunately that is no longer an issue for me).  

And it's very pertinent to today's environment because it doesn't look like interest rates will be coming down much, if at all this year.

I am in the Palm Bay, FL area and bought an SFR 3/2 for 220k.  30% down, 6.375% rate, and after all expenses, with a property management company, it should cash flow roughly 175/month. 

if you miss your rate lock timing and it costs you to relock who should pay for that?

I have other assets in Canada but I looking at bringing everything here when the exchange rate is better.

Our occupancy rates have been 65-95% during the peak.

We helped her move to PA from FL, provided a furnished apartment at a reduced rate for a while, etc.

Should I wait for Spring for greater inventory, or for lower rates to see if cashflow improves?

Our cash on cash return is essentially infinite as we make money on the delta between the yield of the discounted note that we purchase and the interest rate we pay to our passive private capital partners. 

Memphis is a market where BRRRR is possible, but with rates going up again, it's not a great idea.