My first impression is that your numbers in the current economic climate seem a little rosy.I also have friends that are builders and I try to stay in touch with them on costs as we mostly do "to the studs" renovations when we buy a place. 

Colder climates see fewer moves in the winter, and things really slow down around Thanksgiving and Christmas when people are busy with the holidays and family.Second, talk to your PM.

Is this market dynamic and climate now still beneficial for long term buy and hold investing? 

What are you doing differently this year based on the current market climate than in prior years?

Our biggest climate risks in central Texas are typically wind and hail, so anything of concern regarding the roof could get an applicant declined including trees too close to the roof surface, roof over 10 years old, etc.

While that's certainly not ideal, my leverage was low to start with and my loan maturities were ten years so I have staying power to sell into a better market.Looking ahead, anything I'd buy would have to cash flow out of the gate in a higher-rate climate. 

And I think a lot of companies will realize that productivity is generally higher in cooler climates.

Once you have selected this market, begin doing researching on the current regulations as well as the political climate regarding STRs in that market and whether or not there are any upcoming proposals on the market docket that may shift or change the current regulations.

Hopefully it isn't too challenging to get our feet wet into a good deal with how hard the economic climate is at the moment 

@Ryan Kelly I completely agree—Austin offers a strong opportunity to build equity, especially in the current market climate.