Plus material cost can vary wildly depending on area, time of year, natural disasters, quality of finish, brand, size, etc.

Diversification is our motto when it comes to our income, and we try to incorporate that in our real estate investments as well.I personally think diversification is undervalued and not taught or applied enough when talking about concepts outside of retirement accounts, which is a shame.

depending on the nature of your park, your park manager is the most important person for that park. 

It's just the nature of CA. 

Sellers are naturally motivated to do repairs on the cheap, while the buyer can control the repair materials and quality if they do or manage their own.

The primary purpose is profit and by nature is going to involve other people.

So, if you're planning on acquiring properties in affected areas, I would suggest you become an expert at moisture mitigation, mold removal, have the capital to weather another hurricane and the possible event of your insurance provider declaring bankruptcy and going belly up after such an occurrence.Consider this: https://www.theatlantic.com/technology/archive/2017/08/why-cities-flood/538251/*Houston, including its roads, parking lots, sidewalks, and other pavements, along with asphalt, concrete, brick, stone, was originally developed on land that, not for it's development, would have naturally absorbed water.

Of course this whole idea is contingent on what financing would look like and if it would even be possible and naturally of course if it even makes financial sense. 

It is natural for your feathers to get rustled when you see your tenants not taking care of your new property the way you want them to, but you also have to weigh the amount of damage an issue could cause vs. the amount of effort it will take to remedy said issue.

This really depends on how your governing documents are written.For example:The Articles of Incorporation generally are never amended as these are the original documents that started the business entity.