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

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.

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

I believe you would have to self manage though.

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

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.

I self managed my 401K from 2000 to 2016 when I retired averaging 12% every year for 16 years.

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

Investing in one asset class and 3 syndicators is like investing in delta, United and American AirlinesIf that asset class has a funk, then so do you.This is a personal preference for you - but owning real estate - especially a str is like running a new business and is not passive

The unit is about $60k and is definitely outdated.