Interesting to hear about the rent premium you can get in your market.  

While still technically in slight seller’s market territory, inventory is well above extreme lows seen in recent years when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed mortgage is sitting around 7.3% interest, which is the highest it has been in 2024 thus far:In addition to interest rates increasing the cost of real estate ownership, buyers are facing increased insurance premiums, maintenance costs, and rising property taxes.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Apparently a trifecta to ensure I pay as much for an insurance premium as possible.Does anyone know a good insurance company that insures higher risk homes for a good price?

Note there are expensive surcharges added (I think it's $250 minimum added to premium) for investment/business vs owner occupant. 

Oftentimes houses with existing STR history that are sold as "turnkey STRs" are sold at a premium purchase price due to this.

Lakefront land prices are at a premium so I need to accelerate the timeline by taking out a land loan(or other financing) to fund further improvements.I have owned the property over 7 years and have been using my own time & money to clear the property and make improvements.

If you get it structured correctly (a big IF) you can get money within 24 hours after the premiums clear.

They make money when they collect more premiums than what they pay out.  

And given that risk-free Treasuries pay 5.3% now, is a 5% premium over that worth it?