I can bet if inflation runs then Boston prices skyrocket, but I doubt Austin does.

Also look into whether the city has already set up regulations around STR or whether there are potential changes coming down the line. 

Looks like you’re in Hong Kong based on your tag line.  

Here is what I would do:I would still close on the property but send a letter to the sellers broker and the seller along the lines of below (note I would have an attorney write it and send it):It has been brought to our attention there was a $15,000 insurance claim on the property.

A good investor friendly agent typically does “driving for dollars,” from what I’ve heard, and they might have a direct line on off market properties.Eyes on the Future - At 19, you can stack up quite the portfolio over the next decade.

Is this just someone betting big on inflation?  

I have already been fully qualified for both the line of credit and DSCR.

I also have business lines of credit.

Even at $60,000 a unit - that is a $1.2 million deal... and realistically I bet they will be over $100,000 each... all just a guess... but when you get into these price points and you are "new to real estate" as your title in your post suggests - I think you are probably getting in over your head for a first deal.  

Real estate for the last four years was betting on red or black but the ball was fixed to win as it was nearly impossible to lose.