I wanted to confirm my understanding is correct. 

You are correct the proper word I am looking for is ownership.

Is that correct?

They should have at least communicated with you when they realized the costs were ballooning well above a normal sewer line repair cost, before proceeding with that work.

Don't fluff it and make sure you know someone with MLS access to make sure it's correct.

I have to expect we're in for a correction sooner or later given how long it's had a bull run (other than covid and the brief really shallow "recession" we had in 2022).But its returns will almost certainly be better than 6.5% over the long haul.

I was concerned that there would be substantial erosion of the yard and here we are three years later and it looks like I was correct to be concerned.

There has been a flight to the more quality areas of Austin.I agree on us having hit the bottom, time will tell but I think we'll see demand increase and rates decrease over the next few months Yeah - I was more talking about outlook for 2025+, I think the correction has likely completed (just opinion) 

If you’re leaning toward BRRRR, make sure you have a reliable local team—especially a contractor who communicates well and can send updates and photos regularly.

@Tim Delaney is correct.