A quick glance at housing affordability in AustinMedian Household Income App (Forbes): $73,493 ($6,124/mos)Cost of Living (Forbes): 15% above nat'l avgMedian Home Cost (SFR-ABOR Stats): $302,250Assume 5% Down Payment Conventional Loan- 30 year amortization- $15,112.50 down pmt + any closing costs• Percentage of residents with less than $1,000 saved: 56%• https://www.gobankingrates.com/…/…/americans-savings-state/…- $287,137.50 amt financed- 4.375% interest rateHow the payment looks:PI= $1,433 mosIns= $105 mosTaxes= $458.33 mos (Assume $5,500/yr)HOA= $25 mos$2,021.3/mos PITIDTI’sHousing ratio= app 33% @ median income ($2021/$6124)FHA should be at 31% or less with Conv/VA/FHA being around the same although all have exceptions in placeTotal DTIThese hover between high 30%’s to manually underwritten total DTI’s in the 50’s or higher depending on the programs@ 45% Total DTI Ratio and assuming the above PITI pmt that gives a borrower approximately $734 per month in all other creditor debt (cars/cc/personal loans/etc)These numbers are not perfect but are rather a quick illustration of current housing affordability in Austin for Retail Buyers.Summary: Housing is becoming less and less affordable in the COA for end retail buyersAssuming increases in property taxes/insurance/interest rates on the horizon how does this affect us as investors?

Much more flexible coverage terms, single policy, better pricing, etc.In conclusion, don't look for an insurance company, but a commercial broker that will have multiple commercial companies to help you get quotes from.The problem that you run into, and most other growing investors, is the All State agent is not a commercial broker and usually does not have a good connection to a good broker.

In the day, you could buy single family homes for $30,000 all in.

Rate is at least single digits.

As a buyer, I'd almost always prefer the "touch up" or "just replace the plumbing with pex" treatment, especially if it's a pre-war home.My renters (single guys) care way more about things like the height of the shower head and how loud the ceiling fan is than what anything looks like.

We have experienced this in Passaic, Bergen, and Essex County, not only with people purchasing multi-family but also with single family property buyers.  

Investment Info:

Single-family residence buy & hold investment.

Rental home in St. Peters, MO

What made you interested in investing in this type of deal?
House looked great for rental

H...

Investment Info:Single-family residence fix & flip investment.
Purchase price: $90,000 Cash invested: $25,000 Sale price: $149,000Single Family Florissant, MOWhat made you interested in investing in thi...

Well said @Max Householder,St.

I have 5 brand new, full gut single family renovations I'd like to hold for rent.