T Lol pick your poison it sounds like.

Oftentimes when municipalities ban STRs they will grandfather in existing operators, but if you are mid build when they do that you’re screwed  Once you’ve identified a list of “safe” markets, compare them on Airdna to see where you can likely charge the most (I’m assuming building costs will be more or less similar, so you might as well pick the area where you can earn more revenue)Also, in this market you may be able to pick up land with seller financing instead of having to buy in cash or traditional financing … potentially low or no money down, and won’t affect your personal DTI.

The substantial 40%+ YoY increase in new listings in February is generally consistent with Austin’s typical seasonal pattern, where seller activity picks up as we head into spring.

I might cherry pick the best property or try a lower price.

This is not a scare tactic its more of a buyer beware to do research and pick a good Bank/lender.

Try picking a market, building a reliable team, finding consistent deal flow, analyzing properties, building relationships with lenders, and producing consistent and profitable exits.I’m happy to extend any personal anecdotes regarding my experience to anyone who reaches out.

here's a plan for you:-find all the REIA meetings within a 2 hour radius and go to all of them. pick the ones you like best and go to those every month or week or whatever.

One of the strategies I picked up early to utilize was renting by the room.

I'm looking to pick up my first property and I'm trying get a good deal on it, so I've been cold calling distressed sellers in the Houston area. 

It’s a bit more boom and bust than the rest of the country.throwing out a number here, but I’d be willing to bet 75%+ of STR owners either bought well, bought with a long term view, or enjoy personal use and this don’t really care about the next few years.I mean, pick your asset class, shame on anyone who tried to get rich quick on a short term time horizon.