Tough bit of luck there.

I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!

So, Houston is tough. 

@Alex CapozzoloI’ve learnt it’s really tough to use an accurate cost per square foot number.

We've had a tough time selling our stuff and has taken 3-6 months to do so.

Probably going to be tough to find something in St Elmo that checks those boxes. 

It's tough.

Looking at all the cool air bnbs I know it may be tough to succeed.

You can do a certified letter to prove they received it for completeness.I recommend going the friendly route and being reasonably flexible.

We're diligently preparing these lots, anticipating a market rebound.Navigating through this unusual market has been tough, but I am confident that the experience and perseverance will pay dividends in the long run