The profit was used to buy a higher quality SFH in the same area.

You want access to equity but you also want access to the full profits without safrificing it to expenses to expand your business.

I am in Florida and we have a strong STR market and most of my buyers bought at high rates and using AirDNA we were pretty spot on for the numbers and we were successful in being profitable.  

I don't think 95% fail, I think a vast majority of that don't try.  

I don't foresee Texas implementing a similar law, but I'd be interested to know how this change has affected others.Side note: It's not the Section 8 tenants that I'm avoiding, it's the government bureaucracy that comes with it.I believe the majority of the US population lives in states with the same law.How do we navigate it in those states?

Many are buying properties, doing minimal renovations to keep their crews busy, and selling with small or zero profit margins.Cash buyers are a priority.

Too many are locking up properties at retail prices and tacking on outrageous assignment fees, leaving no room for investors to profit.

I think you run a real risk of your second rental eating up the profits you're enjoying on the first one.

Shasta is not close to a major airport making any travel more cumbersome.

Plus macroeconomics here in Columbus is booming right now because of developments from Intel, Meta, Amazon, Honda, and lots of major companies building out here.