We basically did it the way OP suggests vs the better half's described way. Sold our MI home and invested the $. For health reasons, we wanted a home base where we could create relationships with the medical specialists needed and where we could go on a moment's notice to be near them. For climate reasons we wanted a home base where we could totally escape cold weather without fighting for reservations. We had a history of liking FL so we bought a RV lot in a S. FL RV resort. Over our 14 yrs of FTing, we did end up buying and selling a few of those lots and moving home base from parks on the Atlantic to a park on the Gulf side.
Meanwhile, as we traveled through the years, just short of 400,000 miles, we kept our minds open for a final 'landing spot' for when we gave up FTing evaluating the areas, the climate, and the housing markets. Our favorite picks changed over the years from AZ, Las Vegas etc but when push came to shove and we hung up the keys, we found that we liked Naples, FL as "home" and bought a condo. The sale of our luxury resort RV lot paid, in full, for our nearly new empty nest waterfront, Gulf access condo. We always had a nice storage building on our lots where we could keep the 'stuff' and the records that we couldn't part with and where we could keep the golf cart in the summer.
FWIW