I have been looking at factors that affect where I would like to live (weather, politics, taxes, night life, etc.) but I am guessing that these don't necessarily indicate a good financial investment.

New construction codes would require the construction of a house that is more resistant to high winds and will have a new roof.   

I couldn't resist taking these pics as well...the tenants cats had torn down all the curtains & literally shredded the tenants couch but $$$ on-time :) 

I always suggest seeking the path of least resistance.

However, those who can weather the storm stand to benefit from potentially lower interest rates and growing demand for rental units.Despite the challenges, there are opportunities for buyers with sufficient resources to capitalize on the market's current conditions.

With such a great cash flowing property, I would be very resistant to selling.

While some investors weathered these challenges better due to diversified portfolios, others, like yourself, felt the impact more acutely with single-property investments.

Everyone will say I'm too conservative, but most of these people on here can't weather a single month of vacancy and/or a true capex problem.

If the bottom stair is taller than the top stair the basement may have been designed to resist water. 

Long story short, if you do this, buy in great locations, hold long term, and make sure that you have plenty of reserves to weather the storm.