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 ?

Hi Alecia, thanks for the practical tips.

I would say in more practical manner, they are more knowledgeable than us the investor what needs to be purchased.

That’s basically free money the bank is practicality paying me to borrow their money.

A place where we can review sponsors, provide direct feedback, positive or negative, and practice reviewing deals, now that the tide has gone out and we are starting to see syndicators and sponsors swimming naked. 

Throw in a dose of imposter syndrome and fatalism and you have a recipe for some mood swings right before a property is booked again.From a practical point, I would recommend great photos, a clearly defined target to whom you are advertising and understanding the best pricing of an area really well to ake sure you get booked in a timely fashion.From a more meta perspective, be aware that these listings don't typically get booked well in advance (families displaced by flood or fire, traveling nurses who need a new contract ASAP, and construction projects that realize they need a speciality engineer on-site RIGHT NOW don't book ahead). 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

The best practice is to learn how to screen well.