Fair enoughProsHomes can be purchased for a fraction of the cost of higher end markets.High rental demand.Relatively landlord friendly government.ConsLoosing population to the states with warmer climates.Freezing winters leave investors open to the risks of frozen pipes and property damage.A small problem can turn into a big problem if your property is thousands of miles away.

Your cash-on-cash rate is the NOI/your down payment.Going ALL CASH moves your cash-on-cash to be equal to your Cap Rate,or NOI/purchase price where you have great equity, but that's frozen into the property until you sell it.IMO, use a small down payment as possible and OPM to conserve cash and a better yield.

The nut to get access to the washer had rusted/bound/frozen or whatever.

The concern is frozen pipes, resulting in leaks and water damage.  

I've had tenants leave ranges so dirty with grease it was simply easier to get replace them rather than attempt to tackle cleaning them.And you haven't lived until you've had to defrost frozen roaches out of a freezer.Gail

I love, respect, and admire you, but I WILL do what I must to stop this from happening :)As to the email exchange from 2 days ago - those are frozen for 40 years.

I am looking at a foreclosure on hubzu. It is being sold as-is cash only. Starting bid $135,000. ARV comps around $215,000 conservatively. I know that the house froze last winter. Is this something that you would cons...

When I walked the property with my inspector, the wife gave me a couple packages of frozen homemade lumpia to take home! 

Experience teaches us the concepts from the realities.0 or little down even though it is pushed today was more prevalent back in 2008 to 2011 when markets were frozen and just coming back.

As other for mentioned you'll have a lot less of other problems: frozen pipes, snow removal, broken AC (in many cases housing doesn't have AC), etc..