It applies to STR in the same way.Is anyone here adjusting their investment strategy because of this?

Sometimes a second inspection or negotiation can also help adjust the valuation. 

If you decide to sell one of your houses, it could be an excellent opportunity for an investor looking to capitalize on the strong demand for student housing in the College Station/Bryan area.As a real estate investor, realtor, and owner of a construction company in College Station, I'm happy to help in any way I can.

Alternatively, you could consider seller financing, which could provide you with a steady income stream while selling the property.As a real estate investor, realtor, and owner of a construction company near Texas A&M (College Station/Bryan,) I'm happy to help in any way I can.

They are set to change the zoning in my area, allowing ADU's and other construction.

Market Analysis: Palm Desert seems seasonal, so the cash flow challenge might not improve significantly without some adjustments.

I have been doing construction my whole life so the work is not something that I am worried about.

For active investing it is also helpful to have some type of advantage that sets you apart from other investors - that could be construction or rehab skills, market knowledge or anything else that gives you an edge.I was an active investor and didn't really have any of those skills.  

There are lenders out there that will allow you to do a loan on something bought mid construction and is uninhabitable. 

I recommend you do this annually to adjust for utility increases and other variables.