The housing market here tends to be significantly more expensive compared to other regions, and this definitely impacts renovation costs as well.Given that the home I am considering is around 3000 sq ft, the $250,000 renovation budget might seem more reasonable, especially in CA.

For the most part, it's probably pretty close to a wash in the short run, but your long-run plans will have more impact.

I know Colorado has been expediting a lot of climate related issues which is impacting home insurance coverage, so maybe just make sure to research that extensively before buying there.

Economic Factors: How do you think  economic conditions will impact our market?

I'm also concerned about possibly a down trending Market approaching negatively impacting the resale value on this flip.

You should compensate them for the total impact of your choice not just the hard costs.

Thank you to everyone who responded, I'll be reaching out to shop rates and see what options are available based off my personal situation.What does the DSCR rates look like in comparison to conventional rates, as higher prices and rates will impact margins.

Understanding the root of this friction requires an in-depth exploration of their operational differences, the financial implications, and the overarching impact on the property market.1.

.- Market Trends: Consider future market impacts on property value and income potential. 

Diversification of your portfolio, both geographically and by property type, can spread risk and mitigate the impact of localized economic conditions.