I have a very easy union trucking job making 120k a year but hate the freezing winters.  

Based on what you've said, if it was one of my properties/tenants, I wouldn't do a thing as long as it is not winter in which case I'd do something because of the potential of pipes freezing.  

Also i was musing on another thread that this go around is not like 08 09 were many/ to most of us myself included were blindsided by how bad it was.. there where only a few Michael Burreys out there. so in my mind investors will pull the switch sooner on perceived  values than just sit for a few years to let it tumble low it will not get that low again unless credit freezes again then all bets are off.  

I do in MN with older houses and basements, and freeze/thaw weather. 

And there's usually enough heat from the other units to keep the pipes from freezing if one tenant shuts off the utilities.Lots of luck getting the tenant to pay any future judgement you get against her in small claims court. 

Yes you don't eat a mortgage, but you will have costs such as keeping the heat on in the dead of winter to prevent pipes from freezing, insurance, etc. you want to be conservative with the numbers to give you worst case scenario. how are you looking with capital expenditures?

It would freeze while I am out driving and just crash.

In one week we had 2 furnaces and 1 boiler go down, 3 roofs spring mystery leaks (with 6" of snow on them), 2 entire house pipes freeze, 1 serious pipe burst, and  a police raid on a unit because one of our tenants shot someone with a rifle while riding home from a bar (this was a class B building mind you).Evaluate your systems and run mock stress scenarios. 

Makes a difference on price.That aside, 1960 product in a place where pipes freeze at night, with a boiler...maybe not the best idea...?!

But an upcoming crash is unlikely where properties would fall 90% in value.you cant freeze the credit markets and turn real estate into a cash and carry commodity.. if you do you have 08 to 2011. at least for investors.