.- Climate: I prefer milder climates, as extreme hot or cold temperatures tend to wear the properties more. 

Seller owes to much or there are major issues that people don't want to fix/ or can't get financing on until they are.If it has been unoccupied for a lengthy time, especially with temperatures that you get up in the Northeast.. there's is a great chance some pipes have burst if heat has been left on or pipes weren't insulated properly.Look for structural issues -cracks in the foundation or exterior walls, cracks over door casing that zig zag upwards, dark / yellowing spots on drywall, check the attic to make sure there wasn't a fire at some point and has been covered up, etc.

Horrible weatherIf you mean that it doesn't rain every day, there are no tornados, hurricanes, freezing temperatures - yeah the weather is the pits.

It either works and cools to the set temperature or it's broken.

It was aparticularly cold winter with temperatures below zero.

Wanted to temperature check with the community first, though, in case I'm missing something.Bit more background:I'm out of state, but had an investing partner (he didn't have equity in this property) who was acting a project manager for me who confirmed my estimate of $35-40k reno in under three months.

In Northern climes, heat pumps are less effective, but at your latitude(I'm assuming the building is in Texas,) heat pumps are quite effective, and they can have an electrical resistance heating element added in case the temperatures drop below the point at which heat pumps cease to be efficient.One large benefit is that if the tenants pay their own electric, using heat pumps will put the cost of heating and cooling on the tenant- no need to initiate a RUBS system or utility surcharges.

Birmingham, Alabama has a warm humid temperate climate with hot summers and no dry season.Over the course of a year, the temperature typically varies from 33°F to 90°F and is rarely below 20°For above 96°F. 

It lets each individual maintain there own preferred air temperature.  

Mask mandates, temperature checks, only one family member could go into the grocery store at a time, shoe sanitation at the entrance of most buildings and stores, naval forces blocking access to the beach so crowds couldn't enter.