We are seeking permitting for a 2 phase build:Phase 1: 75,000sf of Climate Control, 30,000sf of Non Climate Control, 30,000 of Boat/RV StoragePhase 2: additional 75,000sf of Climate controlTo answer a question mentioned in this thread there are 3 REITs that focus on 3rd party management for a 6% fee.  

The Northeast is another great example of a place where the political (read: Tax) climate can ruin a completely good deal.

We have a lot of growth from in-migration of retirees and work-from-home's that are attracted to our climate, low taxes (no income tax, relatively low property taxes), scenic area (mountains), and low cost of housing, though that last part is changing as the demand continues.

We live in a fairly cold climate (except in the past few years) so the house had been winterized.

I personally invest in Delco because of the political climate, returns are good, decent tenants, and slightly less competition, though that has been changing for a little while now. 

@james wise and @ sharad m I see what you guys are saying even though you have two different opinions,  but the main point I'm getting is I shouldn't stop shop just because of some climate change.

Our electricity rates are among the lowest in the nation, and the climate is relatively mild. 

Now that there are lots and lots of people who have been doing real estate, I suppose if I was just starting out, I'd use a mentor if I believed he was honest, had integrity, knew what he was doing, showed proof of his performance, still invested in real estate himself, had a hundred or so properties under his belt, bought in the zip codes I wanted to invest in, was buying the types of properties I wanted to own, understood the changing climate of real estate, understood entities and taxes and inheritance issues, understood cash flow, understood asset protection, understood how to find deals "off market" and was savvy, yeah I'd go that route and any amount of money I paid would be inconsequential to the wealth I'd accumulate.

It is extremely volatile due to the political and economical climate.

There are lots of ex-patriots there from the United States and Canada with the best climate in the world.