The Long term, after some reserves, I'd like to bring down the assessment costs since I worry that this will negatively impact the property value. 

Crime and Tenant Quality: With the higher crime rate in 76104, how much impact could this have on tenant retention and turnover?

That being said, rental rates are remaining fairly strong, and with such an equitable position in your property, your cash flow should remain a positive net to you. 

As a medium-term rental, you'd be in better position to be connected with Insurance Company that way.  

------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

While they may face intense competition, if you’re able to hold onto your investment for at least five years, you’ll likely be in a strong position.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

@Chris CoreYou're in a strong financial position, but since house hacking isn’t lowering your expenses in your market, it's time to pivot.

@Brett Henricks - I attended a large DST provider's conference last week, and asked around about Crew to other Investment Advisors...nothing remotely positive was said.

It's meant for gap financing, so you can't compare it to a DSCR or some other kind of first position financing.