Looking to rent for $175/night min and total estimate is $100k for the build, aiming for 20% CoC.Any pitfalls/advice for this uncharted territory?

It’s a great way to get your feet wet in real estate while building equity.

I am building them especially for STRs, but they will have a cash flow as regular rentals.

I'm currently in single family homes and apartment buildings in central and west Texas but have been evaluating a few residential assisted living homes + business / license to purchase in Austin and San Antonio.

@Craig Holland Land is often sold with owner financing, in part because buyers have a hard time financing it, and in part because buyers often only need a short time before they can build on the land and refinance out of the seller loan. 

Building located in neighborhood I had been interested in from the beginning of investing career.

The value generator in commercial is the lease or use of the building.  

I would recommend calling the city building dept, they are easy to get in touch with and a lot more helpful than other municipalities in the area.

– Considering Class A properties with established tenants• Less focus on appreciation – Prioritizing income stability over potential future gains Current Opportunity: I’m evaluating a retail property in downtown Portland with:• >80% occupancy, most tenants in place for 10+ years• Decent cap rate (6-7%), NNN lease• Well-maintained, high-quality building, with existing HOA which will take care of maintenance. 

Please feel free to reach out to me and my team if you would like to come up with a game plan and build your buy box.