But I purchased land in cash and leveraged it to build a new construction stick built home.

We STILL have not received our construction loan from our bank because of this DELAY in tax filings!

Further enhancements included constructing a back deck and repainting the interior to modernize and enhance the home’s appeal.

@Ernesto Garcia Thats right, i got investment property conventional loan at that rate for a new construction property. 

When running your numbers, if purchasing a home that isn't new construction and less than $1MM, I would estimate 1% - 1.2% of the purchase price as your annual insurance premium. 

A new construction ADU will be appraised significantly less than the hands-off construction cost.

Cleaning up our work area, I remembered what my old co-worker once told me on the construction site "There are 3 ways a job gets done: One way in our head, another way planned out, and how the job actually goes." 

I'm a real estate investor specializing in STR properties, a realtor, and I own a construction company.

I'm an investor (STR properties), realtor, and own a construction company near Texas A&M in the Bryan / CS area but travel to the 903 frequently to visit family.

Luckily, I am in construction and have a background in renovations.