These hidden costs can eat into margins and disrupt timelines, yet there seems to be no streamlined way to tackle them before breaking ground.I’m working on a solution that combines site analysis tech + cost prediction modeling to help developers get ahead of these risks.

A growing number of homeowners nationwide are being dropped by insurance companies as firms and regulators struggle to deal with the unpredictable and costly risks of climate disasters.Nonrenewal notices surged by nearly 30 percent from 2018 to 2022 to more than 620,000 a year, according to a Treasury report released Thursday that examined 246 million policies nationwide.

The best strategy really depends on your goals, risk tolerance, and your market conditions.

Luckily, it didn't damage my property.The way it's going with insurance companies, should I eat the $2300 or put in a claim? 

If it concerns you that much, adjust the purchase price to take into account this added risk. 

But how big of a risk should I view this as? 

The trade off course for STR route is more management/cleaning of guests coming and going/risk of no bookings vs not needing to deal with long term renters months at a time if that once they move in.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

My plan for this year is to remodel and upgrade the house to then put it to cashflow either via short/long term rental.

What is the risk there?