In fact the demand is stronger than I've ever seen it, though prices are high.

Normal mortgage rates are in the high 6's now, for a personal residence, and higher for an investment property. 

Also, there is a need in the marketplace for a co-living PM company that doesn't charge too high of rate. 

Coupled with persistently high interest rates that may last for years, rising insurance premiums are inevitable, regardless of your property’s condition.

Have you explored any potential house hack opportunities in NY, or is the price threshold too high to tackle, and thus, you are considering Columbus? 

Most CFO clients that I work with that are new construction/home builders usually target a 20%-25% gross margin as they usually have to deliver high teen returns to their investors.Great question. 

Seems high.

Since you are in an expensive market, commissions will also be high so you should be able to cover all of your expenses with just 1 deal basically, maybe 2. 

The good news is that it will still serve as a house hack when we move, as there are multiple units on the property.Our concern is that it is in a high fire prone area.

There is a high concentration of those in Texas (about 2/3) but it is relatively similar in most of the markets we lend.