My only chance of actually cashing in is if there's a short spike in price unrelated to economic conditions, which only happens occasionally in silver.

I’d like to keep on topic, but I’m also curious if the current economic state due to unemployment will play a role in your response.Thanks

203k Benefits to Buyers/Borrowers (not all inclusive) Renovate home with little/no additional out-of-pocket expenseLow down payment (3.5%)Combine purchase/refinance + rehab funds into one low-interest, tax-deductible mortgage which is based on the improved appraised valueInclude mortgage payments into 203k if home is not livable during renovationsSubmit a strong purchase offer if presented properly to sellerBuyers face less competition from other buyers to purchase fixer-uppers, foreclosures or older homes that are outdatedBetter opportunities for "good deals" on home purchasesAbility to purchase properties that may not meet FHA standards and complete the repairs/improvements AFTER the home is purchased.Select from a larger selection of properties for sale (in any condition), including condos, townhouses, mixed-us, multi-family, single-family dwellings and those that do not currently meet FHA standardsWhen offer is presented properly to seller, 203k offers may be advantageous in a competing offer situation as the seller does not have to fix-up or repair the property but instead allow the buyer to include these items into their 203k mortgage and complete the improvements after closing using the buyer's own style and design.203k Benefits to Home Owners & Sellers (not all inclusive)Market property to more buyersAllow buyers the opportunity to renovate, upgrade or improve to suit their tastes and preferencesNo need to settle for low-ball cash offersCurrent condition of property not required to meet FHA's property standardsBuyer is permitted to correct any property deficiencies after close of escrowNo more inspection concernsAbsolutely no repairs are required prior to close of escrowSeller not responsible for cost of repairs/improvementsTransaction will close with property in "AS-IS conditionClosing occurs in 45 days203k Benefits to Realtors® & Lenders (not all inclusive)Increase income by selling more homes and originating more loansRaise real estate values by improving homes and neighborhoodsDecrease foreclosure inventoryHelp buyers who previously could not buy homesHelp seller/owners with properties in outdated or fix-up conditionSpur economic growth by creating job opportunities for the construction/remodeling industryPromote an under-utilized niche program that not many Realtors® or Lenders understandRevitalize your community203k Disadvantages (not all inclusive) upfont MIPMI for life of loanSupplemental origination feeInspection feesTitle update feesmore complexmore moving partshigher interest ratepossible longer closing timeBut working with the right 203k Lender, a contractor with education/experience with the 203k, such as a Certified 203k Contractor, the benefits can definitely outweigh the disadvantages.

The economical growth of Austin, desirable neighborhood, low turn over of the neighborhood.

Second, it assumes no financial hiccups in your market like a major employer leaving town, an economic downturn, a labor strike, riots (yes, that's legit....as we know all too well), etc.Third, is assumes no hiccups in your personal life: the death of a spouse or child, a severe accident, an unexpected illness, and the like.Fourth, it assumes you have a series of deals that are "big enough" to accomplish your goals. 

Predicting growth can be very tricky and takes a lot more economic knowledge (not theory) than anyone takes in 8 years of college.

New home sales are only a small part of the housing market but they can have an outsized economic impact because homebuilding is labor-intensive and buyers typically also purchase a lot of adjacent goods, such as furniture and appliances."

That being said I wouldn't be surprised if it gets delayed with the whole COVID crisis, as the ZBA hearings were all delayed for months.

In regards to valuing the subject, I actually would look at this as a commercial property, because it appears the subject is operating as one economic unit.

The economic damage caused by the first one is incalculable and will take years for businesses and governments to dig out of.