This criteria is for 1-4 and 5-8 unit programs.

I have 13 units, and I did not buy them all profitable out the gate. 

We are also in the process of buying nearly 200-unit apartment complex on the Northwest side.  

To be honest as an investor who owns dozens of units in several different markets I would tell you it's challenging to find great cashflow anywhere right now because we have both high prices and high rates.

Insurance doesn't change unless you're a short term rental unit, and their definition of what 'short term rental' means may vary.  

This has made it a lot easier for the 1-5 unit operators and encouraged them to keep going. 

I assume you are talking about the individual nurses renting  your unit. 

There aren't many 5+ unit properties trading in those areas, and the 2-4 market doesn't really trade on a cap rate basis, because it's very owner occupied heavy.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

My goal is to acquire and renovate the Tuscan farmhouse with two units.