This area is remote-ish so i plan to use Starlink (and have done adequate research to ensure it’ll work well.)Thanks a ton!

But to your point, the risk adjusted return does not seem adequate.

I would really encourage you to talk to your CPA to ensure you meet material participation tests and are adequately documented.

Contrast this with someone that has adequate umbrella policy.  

Due to high demand, many investors in Austin are finding they need to adjust their approach a bit to make the numbers work.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.

For non-primary residences, they have to follow all of the following rules to receive a permit: - the property must be a minimum of one (1) acre in size (designed as a precaution to disturbances)- The building standards of the underlying zone district must be met - Adequate parking is provided - Defensible Space requirements are met - Valid water and sanitation must be demonstrated - No more than five (5) bedrooms are in the dwelling As time goes on, they continue to become more strict on the rules listed above here, and are actively regulating it.

This is a new underwriting guideline of the insurance companies because they haven’t been profitable and must raise the rates and lower the risk factors in order to comply with state regulations on adequate reserves and future solvency.  

Of course you need to see verifiable income that is adequate for the situation, but the old posts of 4 and 5X rent amount?

It may not be worth it if your long term rent and cash flow are adequate.

4-Plex details: -currently occupied-estimated sale price 265k-ARV 400k, and 4k/mth in rentBackground on me: -I have an LLC-I own 4 single family rentals-each has around 70k + in equity-all cash flow well -credit is 800+ with adequate income.