Another pit fall for out of state investors is not understanding the climate.

(3) The business climate only seems to improve here. 

How is it possible to invest in a climate like this without finding that needle in a haystack?

You also need to take climate and geographical area into consideration. 

@Peter PadalinoUnfortunately it is part of the business for short term rentals in hot climates.

This may be a simple question but curious in today’s climate of rising interest rates (mid-2018) , does it make sense for long term buy and hold investors to pay for points to buy down the interest rate or keep the cash on hand instead for additional properties.  

Of course since we are new to the area we are looking for local real estate agents to network with who can give us a feel for the market climate and whom we can refer clients to.

It depends on your climate, you might do an energy audit or just switch to electric, it doesn't seem too out of line for four units though $35 ish dollars per month depending on the size of the unit and how much they use the climate control.

There are so many people affected with breathing disorders and allergies that majority of tenants LOVE these easy care, easy clean, dust-free floors. 

Probably too dicey now with climate change though.