Low Risk: Disasters & Landlord-Tenant DynamicsKC is notably immune to major natural disasters—no hurricanes, low tornado risk—providing stability.

As far as cost, check the natural gas vs electric charges in your area. 

The building currently uses natural gas for heating and hot water.

I wouldn't think too much about Mother Nature.

Consider mini‑splits at natural vacancy to cut utility load and raise rent justification; baseboards can stay until turnover.

I never did like the concept of having to buy within a specific time period to do a 1031.We looked at various states for landlord favorability, cash flow, property taxes, natural disasters, livability, population inflow, etc.

Was it something financial, operational, or maybe just human nature showing up in your deal?

People can't afford LA or Santa Clarita so naturally they would keep going.

I had already read his 500 page book, so naturally we talked about renting and tenants. 

What is typical IRR for pretty good multi-family real estate options that are more turnkey in nature than fixer uppers?