STR's still offer value over hotels in cost per room and offer things like private pools.In back to back storms we had 14 out of 65 units damaged to the extent of taking them offline. 

I had one particular vendor with high standards that would exaggerate anything he found.My rule of thumb: people can live how they want to live as long as they are not 1. damaging the property2. living in filth that attracts pests3. impacting the neighbors (e.g. odors, junk detracting from the neighborhood, etc)4. creating an unsafe situation (e.g. hoarding and rescue workers can't access the home)When I visit a property, I document any issues and talk to the tenant.

Should be at least 10%.3) What about tenant damages and nonperformance?

Unfortunately 10 units proved to be too much for my property manager at the time to handle, (a mix of them being bad at their job and also that they were just shady) which slowed me down and I had to do some damage control before buying more.But the mix of different strategies and partnerships for financing taught me a ton and helped me learn firsthand how they work, so I don't regret a thing!

The house has been through two hurricanes now with no damage or flooding, so it is pretty low risk from that standpoint.

A tenant who fails to maintain a rental property could end up costing you more in property damage and court fees than the amount of rent they're paying you upfront. 

This also allows for property owners to more easily write-off assets that get damaged/destroyed as the value of these assets is determined as part of the study.

What if there are already damages to the property that you could have deducted and tenant keeps whole thing rather than submitting to new management? 

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

We feel this doesn’t protect us from tenant damage (e.g., stolen smoke detectors, fire extinguishers) or cover costs for anything beyond normal wear and tear.