Don't forget the banks can turn your HELOC privileges on and off if they feel you are over-borrowing without any restrictions.

Trying to set up some self-imposed 'trading rules' for myself as far as flooded properties go -- to what extent, in what areas, I will play in that segment -- but that is a whole other topic, though, isn't it.So there you go, another new guy in HoustonMark

I know there's some cons and restrictions to it, especially with working under an agency, but overall do you think it would help or just be a waste of time/money?

The advantage for other investors is they can bypass all the restrictions and demands of a lending institution.

However, two council members were pushing to impose a cap on the number of STR permits issued in the city and earlier had been pushing to shut all STR's down that weren't owner occupied - similar to Denver's regulation. 

If you can do commercial then a developer might can pay a decent price for it.The parcel size makes a big difference with zoning laws and restrictions what can go on it along with parcel shape.

There were some much more restrictive measures debated such as limiting the total number of STR permits in the city that thankfully did not pass at this time. 

How would you restrict the situations that your termination clause would apply to?

There are people who travel who might not have traveled if they didn’t have the option,” of using Airbnb or similar online entities such as HomeAway, he said.Hoteliers are less than enthusiastic, concerned that short-term lodging services have morphed into a multimillion-dollar industry with few restrictions.

And the city does impose heavy fines.Also, given the location (Central City), long term rental might be financially challenging to make the numbers work.Good luck.