If you are looking to invest outside of the belt, in suburbs like Fishers, Avon, Carmel etc. there is typically a premium that comes with buying in these areas.

If new is a must, then you have to know going into it that you're going to pay a premium for that brand newnes. 

Just so happened that it took place as the Market was at a premium.

Renter's insurance premiums are usually miniscule so it should not be a cost issue. 

Also, you would be surprised at a premium you might be able to get. 

It seems buyers here don't place any premium on renovations. 

There aren't many single family homes in what I would consider "downtown", and surrounding neighborhoods such as Old Northeast and Kenwood always trade at a premium. 

Did some quick googling and found some interesting links. http://www.sfgate.com/bayarea/article/Oakland-hill...https://www.fs.fed.us/psw/publications/documents/p...http://web.holycross.edu/RePEc/hcx/HC1503-Kiel-Mat...http://time.com/money/4035181/recovering-financial...http://www.ocregister.com/2017/10/11/napa-and-sono...TLDR;- Exclusive properties in wooded areas with great views commanding a premium before the fire will get hit with a significant dip in the short term due to change in homebuyers priorities.- Reconstruction takes a long time.

marcello, I would suggest you look for Private Flood options, if the property has not had a loss you would be able to find better premiums. 

The lower unit has some more features, and we included the 2 car garage with it, partially to avoid tennants sharing but also because the unit is just more od a premium option compared to the upper unit.