I know this firsthand—my first investment property was one of these older conversions.

Any violation of the lease can be used to evict in Texas.  

Does anyone have a sample of an assignable option contract for real estate that I can use? 

This was the assumption we operated under until December 2023.

I have 0 experience managing STR properties, but lots of experience using Airbnb from my travels 😅 I am halfway reading Avery Carl’s book on STR.

What this leads to is higher purchase prices but also higher rents in these areas. 

An LLC is useful for two things: anonymity and legal protection.

For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/usersI really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

Does this guarantee that a seller wont give in to greed and try to get out of your agreement? 

Canada has credit reports similar to USA.Google to see if they have a version of TransUnion that can be used to access.