Unless there are extremely favorable seller finance options.  

Seller did finally come and get their proceed though.. it was an extreme Hoarder house one so bad that I could not even go in it..

So please please please consult one before pulling the trigger.

(I wrote about it in this thread.)The New York Times has indirectly addressed your question a few times -- in this 2019 story and this 2023 article -- where they discuss areas that will fare better in an era of extreme weather and climate change.

Very helpful and all responses have triggered additional questions for my tax guy.

Don’t get me wrong, I would love to own a property there but the margin is looking extremely thin now.

I think this is extremely reasonable…thank you Mike. 

@Jordan Dzubak we played with the idea of getting something at the Lake a few years ago, but ultimately never pulled the trigger in large part because so many neighborhoods were modifying their C&Rs to prohibit short-term. 

If you don't, then you essentially have no insurance on the property.But, it's when the lender is notified of the new insurance coverage that will actually notify the lender and then they will trigger the due on sale clause.

I really appreciate any input or suggestions before I pull the trigger on these large expenses.