I'll make a ticket for our team.

@Larry Caper thanks, I love Denver and have season tickets to the Broncos and will be at the game this year against the Steelers.

It is just that a personal guarantee is used to get around the limited liability.A newly formed business or new investor is not likely to avoid a personal guarantee especially on big ticket items.

In jscott's case, the pipe had frozen over the winter and that's why it burst. i normally want electricity to see things clearly and to inspect basement, attic, etc. if i were you, i'd be more concerned with the cost of windows, drywall, doors, etc. those are the huge ticket items...I just changed all that. trust me, i hated paying those bills.good luck.

Bigger Pockets is your golden ticket to great success because you can get deals done the right way and reach out to experienced real estate investors on Bigger Pockets.  

I've been trying to find areas with little rain too and I think the main reason for that is the wear and tear on a bigger ticket item like a roof, but I'm sure the trade-off with that is warmer climates would likely need more HVAC work which is just another big ticket item that can potentially go bad too. 

The one piece of advice that I would give is once you determine the market, book a plane ticket and travel out to the area. 

It's also possible that you'll hit the MEGA-LOTTO, but I'm not betting my future on Lotto tickets.

Thanks for the input Travis, I haven't bought the tickets yet, a weekend was just my initial thought. 

Since that time; they've done quite a bit work and replaced (or are still in the process of replacing) most of the big ticket items like termite work, the electric panels,  all appliances, flooring, etc.