Based off our lease agreement, my lawyer says that it is the responsibility of each tenant to repair their own space.

We are based in the SE as well. 

As mentioned above there are sensors that can help, and strong verbiage in a rental agreement should help mitigate it, though not 100%.

Any guidance would be greatly appreciated as I live next to the largest Navy base in the world in Norfolk VA.   

I was using an insurance broker that helped break it down for me based on if I was planning to replace anything right away or wait. 

At the same time, I would reach out to that STR owner to try to get him to fix the nuisance issue.That said, even if you are successful in staving off the issue for now, it could come back at any time based on the current board members or on wide community support for getting rid of STRs.You could try to gather support for changing the covenants in your favor, but my gut is that that will be hard to do. 

My issue with fourplxes is that based on tenant demographic rent per unit is quite low.

Located in a prime area, this property continues to deliver steady income and strong returns.

Florida’s appeal as a retirement destination also means that buyers and renters aren’t bound by traditional school-year schedules, providing a steady stream of demand for housing throughout the year.Texas: Strong Demand and Economic Growth Drive StabilityTexas boasts a rapidly growing economy, which has fueled a strong and relatively stable real estate market across the state.

These often include a preferred return for the investors and then a pre-determined cash flow distribution schedule between the sponsor and investors that includes the cash flow distribution waterfall based on either the IRR or EMx and possibly a GP Promote.