This seems fairly consistent with previous real estate cycles, good locations are able to weather the storm while areas that have risen mainly due to lack of inventory/high prices in the desirable locations will do poorly.

Courtney, it actually sounds like you need a knowledgeable Roofer that will know how to find the source of the leak, weather it's with the roof membrane or perhaps the A/C coils dripping to the inside (as an example, it happens!). 

Enjoy the cali weather!  

A pain to deal with perhaps, but they'll be well worth having if something goes south.So long as you really maintain them as entities unique from you personally (bank accounts, record keeping, bill payments, etc), the LLC's should be pretty well able to resist an enthusiastic, hostile attorney.

If you live/work/invest/play in South Florida, lets connect and network to show the rest of the BP members how we do things when we aren't enjoying the sunshine state and the absolutely B-E-A-utiful weather year round!

I often purchase foreclosures and love working with block homes as they are more desirable in Florida because of weather.

Is it open to the weather?

Your weather is fairly similiar to ours here in central Texas.

How long are people going to still want to live there when they can make the same money in places with much cheaper real estate, rets, cost of living, much better weather and much less stress?  

Also check the main door weather strips, make sure there are no drafts.