We’re from Queensland but we moved out to the country chasing cash flow deals and we’ll possibly be moving to the desert in Broken Hill to explore those possibilities so we’re not too scared of changing climates and conditions haha.

@Brock Best That unfortunately is simply a risk factor of smaller markets.If I were thinking of investing there I would want to have a very good idea of how stable the market is and the political climate and potential for growth. 

Is there much or any climate controlled storage in the market?

. - Install two new high efficiency condensing boilers, and update windows and insulation for better heat loss performance.PROS - a) minimally invasive; b) can provide 15-30% reduction in heating costs (we are told).CONS - a)total gas expense is still paid by the landlord; b) individual units won't have individual control (except for a thermostat controlled shutoff valve for heat/water in each unit); c) AC would be available on with in wall/window units. 2) Try to individually meter each units' gas and provide each with a traditional forced air heating/cooling system.PROS: a)gas expense could be completely removed for landlord (huge)- even tankless hot water could be installed in each unit; b) each unit would have their own climate control.CONS: a) constructions costs of running new gas lines and soffiting sheet metal duct work. b) highly invasive with collateral construction costs; c) future costs of maintenance on multiple systems vs a single building-wide system. 3) An electric based heating system- This is tricky in my mind because of the high cost of electric heat.

Plus gonna be liking to house hack this summer when I relocate to Miami for work.I do agree that real estate is overpriced, but I look the current climate as an opportunity to analyze more deals be fore making offers

Especially if you're investing in properties where climate change poses a threat.  

Purchase price: $475,000 Cash invested: $1 Complete redevelopment of strip center to climate control facility.

Not sure about the political climate there.

Hard to say, but we know San Diego is a supply constrained market with strong population and employment growth prospects in a great weather climate (with long term climate migration something to be considered) where it is VERY hard to build new apartment units and those that do get built are top of market Class A units so buying C and making them B+ in A areas is a proven model in SD.

If it isn't being enforced in today's climate, what's the big deal?