Quote from @Ellis San Jose: Read up on Prop 19. 

Primarily interested in long distance markets due to prices in my area (San Diego/California).At a stage where I am evaluating my savings versus the upfront costs to get into a STR property.

What works in San Antonio, does not necessarily work in the Bay Area.

Quote from @Ellis San Jose: A REIT structure?

Quote from @Ellis San Jose: The basic main components are: Payment amount, how often, how long, total purchase price.I focus on the payment amount not the interest rate.

However, like @Ellis San Jose mentioned above, you will command more $$$ for your property if it is delivered vacant (unless you are getting top market rent for that unit).If you do sell with tenants, be prepared when the prospective buyer requests rent rolls, estoppel certificates, rent history, existing leases, rent due dates, security deposits, and any other written or verbal agreements.

The house is in San Antonio and is my stated, Primary Residence.

Hey @Sahil Rajput, I'm originally from San Francisco, CA and ran into the same issue when I started in 2021.

I'm a bit more of a fan of San Antonio and think you may be able to capture some value in Austin as the residential growth expands there, tech starts fleeing back to Cali and can get in before a second wave of interest.With that said, I have a lot of properties in Houston.

Most of our "Spec's" are urban infill development in downtown San Antonio and we have a few luxury Spec's that are definitely not "affordable" housing!