While I do think that extreme climate is something we all will have to contend with, I think the area will always be popular as a vacation destination.Having said this, I am thinking about looking for a STR in the area. 

I'm a 24-year-old man that's determined and ambitious and that wants to be extremely successful in all endeavors of life.

If you did not use one - unfortunately its an expensive lesson learned that in real estate transactions this is why you use the paid experts.

If you just look on Zillow, pick a random property, buy it, and turn it over to people you don't know to manage it, it's extremely likely that you will: have it cost a lot more than you thought, get overcharged for things, lose money, and have a big chunk of your savings just stuck in the property not really doing anything for you.Not to discourage you, or to say that you would do what these folks did, but here is what NOT to do OOS:https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/67/topics/1167190-strug...I hope this helps - happy to dialogue further. 

Here are some extreme cases that are mostly 21st century issues:- cannibus is legal in many states.  

Yet, both the guest and the host, considered experts, had no problem believing that.Cuba: foreigners can'y own property there, even if they wanted.Venezuela: the last place in the world I would invest but there's a ray of hope with the upcoming elections.

I'm hoping some 1031 exchange experts might know if it's possible to defer capital gains in this situation: I want to sell several  properties owned by a 3 member (all family) LLC (LLC-A) and sell one property owned by another LLC with different but overlapping membership (LLC-B).Buy a much larger property that would be partially owned by LLC-A and partially owned by LLC-BThe new property is one tax parcel with two addresses.

Often times you'll find these properties to be a little bit outdated, but are in great condition and extremely well kept. 6.

Everyone who's responded to your so far, is an expert from the school of hard knocks.

@Tom Yung is the expert here.Here's what I think.1 day after a year, send the Notice of Barment.