Make sure to mention that this violates the quiet hours policy and could impact their lease status.

However, the process can be complex, with strict timelines (e.g., identifying a replacement property within 45 days and closing within 180 days).

Nailed it, the great moderation was extremely poor Keynesian economic policy.

In my opinion disclosure is always the best policy in both scenarios. 

Your primary strategy should be to have the Contractor and all Subcontractors add you to their insurance policy as Additional Insured. 

How would an umbrella policy protect against a security deposit related claim?

We have purchased 8 investment properties over the last 2 years, we strictly rent them out with section 8. 

We have a strict budget in place and will be saving ~$4-5k a month once debt is paid off, but do not an investible nest egg yet.

What kinds of policies do you think might help ensure ongoing affordability as Texas continues to grow?

Beyond the bedrock issue, soil conditions can be costly if the property has problematic soils such as too much silt, deep topsoil, or extensive wetlands.You'll also want to know what ordinances are going to affect your budget - things like tap fees, tree ordinances, storm water retention policies, etc.Bottom line is that you have to investigate ordinances, off-site conditions, and on-site conditions before you can even begin to budget your development.