@Craig Cann I had not dealt with soaked carpet pads or wood subfloor but in a generic basis ozone treatment worked for us however I have heard others use enzymatic cleaners such as Nature’s Miracle or Rocco & Roxie are the best in getting them out completely. 

Short answer:  it is baked into the business model.Long answer:It seems you may be overly concerned on the transitory nature of apartment renters versus single family renters. 

Insurance can definitely be tricky for sober living homes since not all carriers understand the unique nature of these properties.

I really enjoyed the process and realized that I have a natural ability to connect with people over the phone and break through some of the usual resistance that comes with cold calling. 

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

I’m trying to avoid another multi-month vacancy, and the hospital’s proximity seems like a natural fit for travel professionals.Would love to hear your thoughts, experiences, and cautionary tales.Thanks in advance!

I wouldn't think too much about Mother Nature.

As your revenue grows, the budget naturally grows with it.

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

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.