We have great weather, ample land(maybe not in Honolulu but other areas), excellent quality of life and as more and more jobs become remote demand in nine places will go up.  

I make sure to account for the entire value-add plan (having enough to capital to weather the 18 months with minimal occupancy & completing renovations) and look at the total picture from that point. 

Two family house Purchase Price: $880,000  Intend to sell for $1,380,000Current information:1 FL rent: $26002 FL rent $2300Mortgage payment: about $3000/month (inc the property tax)Utility: appx $1800/ yrReasons to sell: slope down drive way, easy to get flooded, flooded during last hurricane Ida @ 2021,  bad storm/sewer drainage in the area so flood likely to happen when there are heavy rain fall (with the weather nowadays, I'm afraid crazy weather will happen more often), need to renovate 2 floor (maybe $15-20K with cosmetic work, etc)Reasons to keep: nice location, nice neighborhood, quite and good school district, okay cash flow, Cons with selling, I do not live there 2 years period out of the 5 years time when sell, so I m NOT eligible to use the capital tax gain reduction (250K/person).

On my playlist now as Robert Cray is crooning, “the forecast calls for pain”.

But I wouldn't ignore a cedar shingled vintage Nags Head house that has already survived years of brutal weather.

I ran my forecasts for IRR based on the year 2021 as my exit year.

We live in Connecticut, but plan on moving to Florida (or somewhere else warm - forecast is for -6 degrees on Friday!!!!) 

. – I fixed this by adding weather stripping and advised that pest control is on the tenant.3.

Painful.Seems like my sentiment was funneled through what I think a wise market to be in is, I meant a hold will (typically) weather better than a flip in a correction because you have an additional exit strategy but intended to cashflow until the market comes back up.

I am proactive though in pest control, yard maintenance (not mowing), and weather (checking pipes during freezes, roofs during wind storms, etc).$2000 on a $1550 mortgage isn't terrible, if you can manage the property yourself.