I’ve lived in my current single family home since 2020.

I know for sure that in my area of Texas (well outside of major metro areas), we've seen the cost to build new homes almost double in price. 

Roof?

Other risks, the contractor walking off the job, a storm hitting and delaying the project for weeks, someone breaking into the home and stealing stuff (which happened just the other day to a client of mine), a squatter, or drunk driver driving into the house (happened a lot at my old job as a firefighter lol).

To insure a $350k value home costs more then a $225k value home, because it's MORE being insured against.

Prices are through the roof, Insurance cost have skyrocketed, maintenance cost are up a lot, taxes.

For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?

At first, he was anxious about having multiple tenants under one roof, but with the right house rules spelled out up front, it turned into a solid monthly cash fow for him.

Quote from @Spencer Elliott: Long story short, land is on loan and I’m purchasing a manufactured lot as a temporary home/future ADU to my final build.

Additionally, properties with high monthly costs struggle to compete with fee-simple homes, affecting resale value.