I am in the process of purchasing 3 properties all right next two each other. 1 multifamily and 2 commercial office space of which we plan on using a significant portion of for our medical practice.

Typically, Wholesalers get a property under contract and then remarket the property while it's under control to investors looking to make their spread and then assign the contract and get out of the way.   

Frankly, these practices are detrimental to our industry.

So, that is within your control.

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

Here's a map comparing income tax rates by state.Rent control: Never invest in any city that imposes significant limits on your ability to manage your own properties.

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

This is unfortunately the downside with hiring full-service property managers; you lose complete control of your unit and finances.

It was a cluster of a problem getting one due to circumstances beyond my control but I finally found a good one.

Hi Alecia, thanks for the practical tips.