There was a very good article on BP about a year ago about impacts of our changing climate, particularly in areas subject to drought, high heat and humidity.

Good clean or updated rental properties are in high demand in The Woodlands... you will do well.

I'd make sure to get the leases, start researching those tenants exhaustively online, and demand proof of rent payments for the past year.

One consolation prize you may benefit from is that the AZ rental demand is very high and rents are up.

A job in the trades may be a good option as labor is in extremely high demand.

For self storage you should go to https://www.radiusplus.com/ and run analysis of this property for the 1, 3 and 5 mile supply/demand along with the rates to see if the current rates are below market leaving some room to bring them to market.   

Sometimes no running water, heat, pest infected etc.As for investing in high crime areas it is true you can buy a cheaper home here but make no mistake that keeping a paying tenant is generally the issue. 

New housing all but stopped, while the future demand for housing continued to develop unabated: folks didn't stop growing up, completing their education, getting married and starting their families simply because of what had happened with the economy.Economists of the day predicted a shortfall of housing supply amounting to 5+ years of housing starts / building new homes and apartments by the time "starts" began to recover, and a 10 year shortfall by the time the "ramp back up" restored some of the momentum in housing prior to the crash - basically, where we are now.Needless to say, no one anticipated COVID and the related impacts on the population and the economy.In my view. we're seeing a multi-faceted issue because of all that's happened since the crash, not to mention the impact of the crash itself.My $0.02 ...

The need for housing is in high demand here as it is hard to find any available rentals in our area right now.

There may be heating issues that are cheap and some that are expensive.