You can specify the coverage level for the dwelling, household furnishings, loss of use, liability, and medical payments to others.

The property is part of a large condominium and is located on the backside of the building (i.e., it does not have an ocean view).

In fact, according to Rentometer.com, your new rate is almost 15% lower than the average rent of all 1-bedroom units listed for rent in the last year within a one-mile radius of your address, which is currently $Y.We are aware that any increase in household expenses, however minor, can have a financial effect.

Does anyone have a good spreadsheet for condominium conversions?

I'm not an attorney but an argument can be made that it is only one family per household.

Housing Market: 77008 features a higher percentage of family households (52.39%) and married-couple families (44.77%), suggesting stability and potential for property appreciation.Digital Advertising Demand: Houston Heights apartments (77008): 50,000 average monthly searches.

Interestingly, when I searched "condominium in fee simple", there are several discussions on the topic, including this one on "Appraisersforum.com". https://appraisersforum.com/forums/threads/how-is-a-condo-fee-simple.163799/

What is the population trend and the average household income trend?

Real estate in all facets was never a cash-flow investment mechanism, it's a generational pass through acquisition first & foremost(most cultures have multiple families in same household).

You'll typically see them partnered with traditional Self Storage - meaning those Facilities offering Storage Units for folks to store their household treasures AND on-site parking spaces for Boats, RV's, company trucks, etc.