I agree with the sentiment of "you must be highly organized." 

Agreed, it will impact the convenience and may strain with high-income tenants..  

I’m wanting about 5 to 10 seniors and would definitely have a CNA or 2 with me.

That means that I keep reserves of $10k to $20k and I make my deductible as high as possible (something like 5% of the RCV or $20,000).  

There is definitely potential to get it lower but it seems like it is going to have to be way lower after considering the expenses that are going to come with it.The entire property has potential to bring in $3,000 worth of rental income if my rent comps are correct.

I highly recommend it!

(probably not-they've got the 'high-ground')But like my dad used to say: "Ya don't know how far a frog will jump, 'till ya pock it!"

Best money you'll spend, high ROI - no doubt about it!!

I would definitely get another quote for the work as that sounds high but would be a permanent solution in place with peace of mind moving forward. 

I live in columbus and miami about half the year both. economic activity in miami is like 20x what columbus is. net migrations by number of people are waaaaaayyyy more in miami. columbus has 10 out of the 14 growing counties in ohio. it's not just one county or city, it's the entire MSA. cool chart but definitely would never put Detroit in the same category as either.