And.....”preREO”...just another goofy a$$ made up marketing term. 

But, they still require time and effort.

Deciding whether to sell or keep renting really depends on your long-term goals.

I say start there, exhaust your local efforts before jumping toward "shiny things" and unknown markets, persons etc.. 

Many Texas cities are incentivizing developers to build affordable housing units, but challenges remain around keeping these homes accessible long-term.

What started off as primarily a second home with the possibility of short term leasing quickly flipped to a STR first and a second home when not rented because demand is so strong right now for STR's in this area. 

Jake may also shy away from the effort and vulnerability required to build a healthy relationship.

I'm considering purchasing a condo or a small SFH in the Oceanside/Carlsbad area as an investment property and renting it out on a short term rental site like AirBNB. 

Rental properties come in several flavors... short term, long term, etc.  

Make sure that they review the document with you when they are at their "peak" in terms of happiness.