In the meantime we are talking to the property manager to find other STR's in the area so we can support a fair market STR rent. 

@David Torreggiani Dallas and Austin markets here!

I had planned on buying a new primary residence  that needs a rehab that i can get way under market value.

Quote from @Allende Hernandez: I guess it all comes down to market and pool of tenants.I disagree.

Just like if you were doing a marketing campaign for any other business type, you have a lead list and now you have to work it and see what you can sell.Yes, its a lot of manual work.

Quote from @Tanner King: Where are the best places or best ways to collect data on specific markets?

We purchased 133.7 acres January 20th of 2024, we then proceeded to subdivide 4 building lots, ( two 10 acre lots,  and two 2 acre lots)  which included costs associated with septic testing,  survey & subdivision, and property maintenence required to market the building lots.

This could also lock in a long-term fixed rate if you’re concerned about market fluctuations.3.

Understanding STR regulations in a market is an essential "must do" when it comes to evaluating a short term rental.

I'm looking to replicate that in Houston so I can start flipping in that market.