Think about it this way: smart investors demand a risk premium to invest in riskier assets.

Also $2500 for a bid is extreme, if this is what it takes to just get someone to walk your job I’d be concerned on the kind of premium you’ll need to pay to get the work done. 

They're in a super super unique setting amidst flower fields, so we think we can charge premium, but we're less familiar with STRs & losing a very profitable LTR is not appealing.

There is an intangible premium to sitting on cash, despite the ravages of inflation. 

The main reason we chose this property was that the Jersey shore charges a premium for rent.

It's a condo, and a bit smaller, but still has a private yard, and it's brand new construction which will carry a premium over a rehab.  405k, again pretty close.Rent comps are 332 N 41st St #1 at $2200 and 29 N Wiota St at $2400.  

The premium on a Homeowners policy is greatly influenced by your credit and personal claim history. 

It's never been an issue because the insurance company pays and they pay 20%+ premiums over standard LTR rents for a given area.

Ask them what premium is typical for renovated homes in that neighborhood for similar properties.

dont sell the furniture rent it as a fully furnished rental you will be surprised what a premium it will bring.. on my Vegas property i get double the standard rent being fully furnished.. with in 6 months the furniture is paid for then its gravy from then on.. there is a BP member i think in Austin who is doing this as well..