(only after the initial adjuster has been there) After comparing notes with dozens and dozens of owners during Florence I was one of the few that got insurance coverage for the actual repair costs and was "almost" solvent.

If you are a current investor in the area, I would also love to learn more about your experiences within the market. 

Since you asked - I believe I'd be paying approximately 20% +/- above market value.

Whether it’s insight into the local market, tips for managing renovations, or just sharing your journey, we’d be grateful for any support.

With market rent in the area reaching up to $1,400/month, there’s great potential for increased cash flow.

The initial cost can be high, but no maintenance or water costs afterward.Good luck with your project! 

From what I’ve seen, the value of a premium listing really depends on a couple of factors: the local market's activity and how saturated it is with similar rentals.

That Depends on how busy they are and how busy your market is.

- Does the "final inspection within 1 day of closing" replace my initial inspection contingency?

Always get professional inspections and understand the local market.