The good news is that it will still serve as a house hack when we move, as there are multiple units on the property.Our concern is that it is in a high fire prone area.

· Expansions in areas vulnerable to sea-level rise, flood zones, earthquake-prone areas, or fire hazard zones may still face restrictions.

The cost breakout seems very helpful too I think that will help a lot of people.

What a lot of people end up doing, and sadly I'm prone to this as well, is they spend way more time learning then they need to in order to get their first deal done.

Expect mezzanine-like debt structures that will allow the lender to push you out and take control of your entities if you default.I'd start with lenders like Loanspark, Breakout Capital, Channel Partners, etc.

I've also seen investors self-insure smaller items like water damage or theft to cut premiums down to just catastrophic coverage (not ideal), but it can make or break cash flow in deals where the numbers are tight.In comparison to areas like Central Florida (where I’m based), Kansas City does have a more stable insurance environment since it's less prone to natural disasters.

How SB-423 Accelerates Coastal Development: // Faster Permitting ·For projects with 150 units or fewer: - Eligibility Review deadline: 60 days from submittal - Approval deadline, including Design Review: 90 days from submittal · For projects with more than 150 units: - Eligibility Review deadline: 90 days from submittal - Approval deadline, including Design Review: 180 days from submittal · No public hearings or environmental impact reports for qualifying projects // Smarter Development Rules · Excludes high-risk areas, like those prone to sea-level rise · Ensures projects meet affordability and public investment requirements // More Housing, Less Uncertainty · Projects stay approved if at least 50% of units are affordable and include public investment beyond tax credits · Opens up new opportunities in previously restricted areas · Clearer guidelines help developers plan with confidence

It’s the inexperienced investors who are most prone to hold on too long.One of the biggest changes I’ve observed since I first began investing is the rise in popularity of alternative investment strategies….STR, MTR, leasing to a STR Arbitrage operator, entering into a Sub To arrangement, pivoting to a Section 8 Voucher recipient to name a few.

If payment includes your maintenance team, materials, cap ex allocation, asset protection, book keeping, etc then I think further breakout would helped clarify.  

Its usually the tenants who live in the lowest tier housing that are most prone to play games and take advantage.