I don't see us ever going Mad Max with small sparse isolated groups of people huddled together in tents, and tumble weed blowing across the empty parking lots of large unoccupied apartment complexes. 

I suggest just buying another water heater for the unit below and take the washer drier with you .

Took a nice long vacation after becoming kid-free and house-free and now looking for my next home somewhere warmer, drier, and ridiculously affordable in comparison to Seattle, WA.I've been reading the forums here for months trying to learn as much as possible about finding a deal that fits me.

Added a washer and drier to each unit, garbage disposal to the basement unit.

Added a washer and drier to each unit, garbage disposal to the basement unit.

Washer and Drier d.

My fear is that if I bought my first property today, I would be buying at the peak of a housing market destined to take a tumble in the next year or so and I would be stuck with an asset that might take many years to appreciate back up to its purchasing value or worse, never make it back to that value at all.

You don't have to chase a market and you don't have to wait for a pullback/cycle change/crash or tumble. 

I guess if you're in Miami and it's done that way, I'm feeling like Colorado will be OK, since the climate is much drier here. 

High end could be $334 assuming we get a higher rent.This home already has a new roof installed yesterday, new AC installed last year, brand new carpet, and comes with a 2 year old washer, drier, and fridge.We have about a 6% cap rate, 8% cash on cash return and our mortgage rate is 4.49%I am very happy with this because it’s out of state for me, but a couple miles from family.