Eastern side of town on original street grid where you have some actual elevation would be my recommendation.

Not that it can't be found in our current market, but for estimation sake, you may want to consider elevating that to a more reasonable rate. 

The restrictions you complain about not only keep consumers safe but also shield (in part) builders from liability.I agree with the overall assessment: the economic fundamentals in Austin drive supply/demand and elevate the equilibrium price of housing. 

So if anyone has a really good elevator speech to kick things off and maybe a good tri-fold brochure to leave with them  would be very grateful. 

Do I build elevators to appeal to our older population?

This is called an elevator speech.

I do think that prices of both single and multifamily are elevated, and a bit of a bump in interest rates will definitely cool things down a bit.

@Mitchell Mazotti I like your Mindset about getting around like-minded individuals and elevate your circle, it's the only way to grow. 

(I did some research before purchasing it and determined it was indeed elevated enough to avoid a major flood since in 2017 they had a "once in a lifetime" flood and it did not get touched in the year prior.)   

@Kevin ReidIf I’m interpreting what your saying correctly, the 4 is the Base Flood Elevation (BFE).