Keep in mind that it is the city's zoning policies that are creating this mess in the first place.

No one wants to make a six figure investment just to get shut down by the governing body for said neughborhood 4) property taxes are high so as long as you factor those into your underwriting and it still turns a profit, you’re fineMy overall thought is San Antonio is a wonderful market for STR as well as having the exit strategy to turn it into a MTR if need be.

@Eric Hempler besides the risk of mine government I can give you names of people who were sued by investors.

@Mike HarveySection 8 can be a great government program to work with if you do it right!

If you set standards and stick with them, you'll catch shenanigans like this.The policy should be that every adult passes your screening, period.

If so, get an attorney to file a complaint at the state board and have an attorney notify their errors and omissions policy. 

It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years. 

The other issue is forest fire risk plus insurers are dropping policies and most insurers won’t write policies there anymore.

I have a short-term in Gilmer County, the government there is pretty laid back from what I've seen, as long as you are not in the downtown area.

Conventional, FHA, and USDA all have products with very low downpayment options and government-subsidized rates for first time homebuyers who have a normal income.