Verify with the city.Personally it makes no sense that an LLC would be able to operate without being onsite when it is required.The only thing that sticks out is the grandfathered in statement.

I wouldn't get it tangled up with the operations/financials of the property.

If you're in the FM area and you own/operate STRs I'd love to connect.   

This was the assumption we operated under until December 2023.

These guys operate like flies on the wall.

Active operators are far more likely to succeed in the entry level SFH space and that's not who buys entry level homes from turn key operators. 

Are you going to live there also, or do you want to operate a shared housing model in a single-family home with tenants?

This approach has not only improved our operational efficiency but also helped us stay on top of opportunities without getting bogged down by the details.Have any of you tried alternative strategies or found other methods that work even better?

@Chris Seveney  I live in Abilene and operate a short term rental here.

This home has been highly operational with high rates of occupancy, bringing in anywhere from $500-$1500 a month in overage beyond our monthly expenses.