In the case of Phoenix, Scottsdale is home to more residents with money (doctors, lawyers, athletes) and larger plots of land along with luxury hotels, resorts, and tons of entertainment.

as a professional athlete.

Were you ever an athlete?

This condo and the rest of the condos in the complex was flooded during Harvey.Most of the units are still unoccupied 8 months after Harvey and the complex appears deserted during my visit.The numbers look really good but my concern is that after fixing up the unit will anyone be willing to buy or live in this environment.Recovery seem too slow.Does anyone has a general idea of recovery times of sections affected by disasters such as flood.Not sure of how to proceed with this one.

Anything above the allowances came out of the tenant's pocket.I defer to the other posts above regarding how to figure cost impact and cost recovery as a landlord as I was never privy to that information.

So, I am still waiting for a tremendous recovery, and I think our condo is actually in great operational shape, but these foreclosures still are hurting us.

A failed septic or a well with recovery issues could bury you ...

So people are doing clear cut, but the recovery time is very long and the small stuff doesn't bring that much money either. 

I was considering mid west, somewhere slower to any recovery.  

With the market recovery, it seems most of the properties in my area aren't likely to cash flow, but I believe I may have found a few houses even further away from Houston (in the "exurbs", should not be considered "suburbs" given distance from downtown) which may meet my requirements.