I’ve seen different things out there regarding best practices. 

Finally, adhere to legal regulations and best practices to protect your investment and reputation.

Regarding delayed advertising, early marketing is a common practice to minimize vacancies, so you may want to negotiate this with your management team.

However dependent upon taxable income you could get away with a pretty low tax bill due to favorable capital gains tax rates.Be sure to work with a qualified intermediary and a tax professional to ensure you comply with all 1031 exchange regulations and to be sure you keep basis correct as all a 1031 does is defer your gain.Happy to help run some numbers or do some basic analysis for you if you would like. 

They are either already under regulation and scrutiny, are they will be too expensive for you to make a good profit in. 

Aside from the obvious dangers, I’m seeking best practices and how experienced investors  in this area handle hurricane damage?

Practically every deal in Columbus follows this rule, so you won't need to do much due diligence.

Would love to learn more about some best budgeting practices to account of these two costs ?

I am aware of certain zoning and regulations but am looking to further my knowledge before potentially venturing deeper.

Leading the charge was the European Union's General Data Protection Regulation (GDPR), which came into effect in May 2018.