I didn't like the exchanges being hacked, didn't like the concept of cold and hot storage, 6 word passkeys layers on additional passwords, and those cold storage devices.I actually like my money as digits on a screen, partnerships, and physical real estate.

Affordable housing is still a hot topic.

If its the trendy hot areas, or general "path of progress" and your able to make a trip and go drive around to find that "path" its really the best way. 

After reviewing the latest ordinances, reports, and city guidelines, here’s a summary of my findings as of 11/18/2024:Key FindingsPermit Types and Fees:Type 1 (Owner-Occupied): $300 for 3 years.Type 2 (Non-Owner-Occupied): $450 for 3 years.Density caps apply to Type 2 permits (12.5% of block face).Enforcement:3 violations in 3 years lead to permit revocation.Fines up to $500/day for violations.Hotel Occupancy Tax (HOT):City: 9%, County: 1.75%, State: 6%.Platforms like Airbnb and VRBO will remit directly to the city starting Feb 2025.Platform Obligations:STRs must have valid permits; unpermitted properties will be removed by platforms like Airbnb.Special Exceptions for Density Limits:Require approval by the Board of Adjustment (BOA).Zip Code BreakdownI focused on these 11 zip codes:Under San Antonio Rules:78205, 78204, 78215, 78210, 78212, 78245, 78258Independent Municipalities (Separate Rules):Alamo Heights (78209)Leon Valley (78238)Helotes (78023)Next Steps:Research density caps and zoning in specific zip codes.Dive into independent municipality rules for Alamo Heights, Leon Valley, and Helotes.Evaluate market maturity and income potential using tools like AirDNA.If anyone has experience operating STRs in San Antonio or these specific zip codes, I’d love to hear your insights, especially about density limits, enforcement trends, or community sentiment.Thanks in advance!

Last part might be a hot take, but that is coming from several long time investors I've spoken too over the years.Hope this helps!

Sherman and Denison are hot spots for sure.

But hey when things were white hot a few years ago we lowered our BAC by 50% then as rate rose and sales got tougher we raised our BAC and now we are back to negotiating each one..

for example when changing cabinets, addressing trim, door pulls. hot water tank replacement: place a pan under it.  

Find out which neighborhoods are hot and what property types yield the best returns.

At the time of our negotiation, the market was hot, so I demanded some favorable terms with an above market rent rate.