To not only lose that situation, but add a turnover and vacancy cost, additionally during the current climate is a poor financial move.

I suppose the same could be said for really hot climates.  

My small management company currently has a few dozen units under control and even with this small sample size we are seeing the direct affects of local Philadelphia climate which through City Council and local news outlets seems to be begging tenants not to pay rent.

Typically the less affordable markets have appreciated more because they have multiple of the following: population growth, diversified economies, nice climate, housing constrained, rising incomes, large variety of entertainment opportunities, housing shortage, high paying jobs. 

It is costly to live in one of the finest climates in the world (assuming you were not lucky enough to get the small number of lower income units - like winning the lottery).  

All three of the cities you listed are pretty humid and swampy, so I guess you're okay with the subtropical climate. 

*Delaware, Wyoming and Nevada all have highly pro-business climates, with low tax rates assessed on business assets and privacy protections on public filings. - https://info.legalzoom.com/form-llc-various-states...

Texas, and specifically Houston have diversified and modernized their economy like no other place in the country.In my opinion, there is no place in the country that compares with Texas for a business climate that is friendly to real estate investors.

There are 3.4 Million people suffering on that Island today.A percentage of them may decide to leave, migrating to safer areas as Global Warming/Climate Change is making it worse in the future.Even if only 10% migrate, that's 340k people.Many already have family in NYC and the East Coast.I think there is a lot that is happening that, while it seems to be unpredictable, we should be using our intellect to put together a reasonable prediction to the migration of people as the world's climate changes.My bet is that NYC will continue to grow in population.

I'd say the overall structures are in decent shape and the majority of the rehab will be around replacing the doors and the insides.    4 Existing Buildings (A,B,C,D) of 6,673 sf non climate control (82 Units total)A and B: 44 Units (22 each building) of 6.5x6.5 sf (1859 Total SF)C: 20 Units of 10x12 sf (2400 Total SF)D: 16 Units 10x12 sf, 8 Units 9.5x6.5 sf (2414 Total SF)This is in a small tertiary market (pop 14,000) with this facility on a major thoroughfare about 1/4 from a college (5,000 students).