BUT, as a halfway house I would be concerned about neighbor resistance, and someone using any method possible to prevent such occupancy.

You need to be conscious of potential weather events.

Although I do hear Lubbock gets some bad weather so roofs need replaced more often. 

If the market corrects (or declines depending on how you look at it) - can you weather a 20% decline in the value of your property?

I have capital to invest and am looking to find short term rental markets in places with better weather.

I am still waiting to hear how our building/unit weathered the storm, but we should know this weekend since our property manager is survey all of their properties right now.We had a 3B3B at Lighthouse in Gulf Shores that we just sold last month.

Im not saying we should only own properties free and clear, But how can you weather a crash while leveraged 1/5 or 1/4.

If you want to make the best wine possible, the vineyard soil and weather patterns specific to your site are the most important.

I understand Jennifer's point to be that she models the entire portfolio's cashflow instead of looking just at a single property, and if the net cash flow increases thanks to a deal, that's on-balance a good move.This makes sense to me, especially because as I work on REI more and more I try to resist getting caught up in max cash flow as the primary criterion of what makes a good investment.

Pavers all day.No running cracks due to weather, looks more appealing and easily to replace if they are damaged.