Securing funding has been challenging, particularly because my business documents reflect low revenue from only one duplex, and I am currently between jobs.I have identified a reasonably priced piece of land and have saved a small portion of the funds from my duplex sale to invest in this venture.

Growth can kill a business just as quickly as poor cash flow. 

Lastly, you mentioned this is a BRRRR but you plan to cash flow "like crazy" after renting it.

More business than investment.

I also own a co hosting business but my rentals are in FL and TN. 

The City has done a lot of work to clean itself up in recent years so you will find not only a lot of rehabbed houses, but businesses and store front rehabs, too.

This arrange that you will have will likely be a headache(major assumption on my part).First - Do not do business with a friend. 

But timing and planning are crucial.Here's what you need to consider:Future Passive Income: Do you expect to generate passive income from other sources?

It sounds like you've got a solid foundation and a great game plan, especially with your background in North Padre and passion for fishing, which could really set your STR apart.

Discuss plan with Planning Zoning group.3.