And you can quite literally walk there from the U.S. side if you didn't forget your passport at home :) Of course, I don't know how much (if at all) this could affect a hospitality business, so I would continue trying to find someone who actually operates an STR here to find out more.  

I will continue to work on the things you mentioned 

Hi Nicholas,I would talk to around 3 and take it from there.

After talking with my mentor (He's a realtor with 20+ years experience) he suggested purchasing a rental property first.

Running numbers, networking, and talking to local investors will boost your confidence when it’s time to pull the trigger.

Newbie investors talk about how they are going to get rentals so they can quit their job.

Most deals that I have talked to his students about have a minimum $25k or $50k investment some sell out quick others don't. 

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

@Jaren Taylor, not sure if this is why you talk about raising all cash, but given most deals are trading in the 5% cap rate range, and agency debt is 6.5% while balance sheet debt is closer to 7%, I whole heartedly agree that all cash is the ideal capital structure for many properties today, if your goal is to maximize overall returns for your investors.  

This area is going to see tremendous growth as the city of Bryan continues to expand on its Midtown plans.