Welcome to Bigger PocketsSend some of Orlando nice weather to midwest :)

If you have passive income you can buy your time back.You need cash and equity in your property to have the margins to weather temporary downturns or unexpected repairs.

Was the building a conversion or purpose built as that will impact future repairs.FL has some weather issues.

Infrastructure spending is expected to top 5 billion over the next several years.c) Vegas has become a major destination for retirees because of no state income tax, the weather and plenty of things to spend their entertainment dollar on.

Given that I live in the midwest and we get some pretty cold and snowy weather here, I've been warned by other investors that the market slows down considerably in the winter and now isn't a good time to start.

Although in southern OR they would be about $150-$200K more.Property taxes, on the $50K higher house we would pay about $2K less in property tax, about $500 less on homeowner's insurance and $800 less on car insurance.Sales tax, we pay 8.25% most places in TX, nothing in OR.Income tax, we pay nothing in TX, last year I'd have paid $13K in OR.Electric bills would be less.Gasoline averaged about 15 cents less per gallon when we were in OR.The cooler weather is big plus for me.

I read an article in the WSJ today that said some analysts are forecasting the housing market to take another year to rebound... yikes!

I firmly believe that in numbers n to a less extend in forecasts especially while evaluting RE investment because we EE live by the fact that numbers never lie.

How is the weather there in the winter?

Another thing to do is closely review the financial forecasts for the property.