In a market with extreme weather you will find that your capex number needs to be a little higher so you can save that cash for a new HVAC, roof, etc. 

@Austin Works Yes, weather plays a pivotal role in the sales process, most especially in parts of the country with relatively brutal winters. 

I love the mountains, skiing outdoors, trail running (Colorado) and I love warm weather in the hard Winter (San Diego) so I designed my life to live in both place (god bless real estate:-). 

This newly identified risk must be and will be reflected in the rental revenue. in summary rents are going up.Appreciation forecast for San Diego continue to predict high appreciation.  

Those are a great way to get to know local investors - more difficult now with COVID and colder weather but hopefully won't be too long before things start normalizing again.

Yes and enjoy the sunny weather, no winter, Oceans, local mountain skiing, deserts, Cruise ships, and almost anything else you enjoy.7. 

Like you, I include the total cost to aquire, hold, renovate in the bottom (What I call the total cost of Capital), but like Brian I also don't include forecast revenues, just whatever level the property is performing at right now.

My question is a running debate as to weather we should put a chunk of money (200,000) into it by adding on to the 1 car garage to make it a 2 car and adding a family room,( it's a big lot), and redoing the electric.  

I suspect people are enjoying the mountains or warmer weather.

It took almost two months, but I now feel more secure in being able to weather anything that comes next.