Clay tile is old technology but if it isn’t collapsed I would be tempted to run it and see what happens

During the depth of the great financial collapse, the best real estate investment strategy was to buy foreclosed homes. 

But the guests are not going up particularly much. to me the 800- pound gorilla in the room is still too many people piling in thinking short-term rentals are the answer. except for a few markets, and I'm not even sure about them, I am expecting a mega collapse in short term rental markets, and it's just a matter of when.

Last November 2019, tenants agreed that they have to vacate the property this summer for owners to renovate the property due to safety reasons — property is an old house that may collapse anytime (foundation is not good). 

Last November 2019, tenants agreed that they have to vacate the property this summer for owners to renovate the property due to safety reasons — property is an old house that may collapse anytime (foundation is not good). 

A lot of those new inspection laws were put in place for construction safety, all in response to building collapsing's and high reports of property damage.Mainly dealing with development teardowns and excavations but if you see that as a con, every state or city is going to have one whether its high property taxes, friendly tenant laws, no appreciation, red tape.. etc.

Unforeseen / Other Parameters - Weather, large scale transformations such as an industry collapse or relocation, etc.Do you guys have any other things you look into before choosing your new investment zip code? 

So short of total economic and social collapse where nothing will matter but guns and food and fuel, we have to play the game.

Secondly, I have a lot 2 blocks away that had a home on it but I razed it because the roof collapsed in and the water damage was serious. 

In 2006, 2007, and 2008 market collapse, I lost tens of millions of dollars.