Some people hold it just because they won't make as much as they want, but then the market goes down and they lose more so you to know the sale and rental market as well as the trending nature of the area.

Use census and trend data to evaluate overall markets - population growth, age, job growth, industry diversification etc.

However, the price fluctuates like stocks, so you may sell for more or less than your purchase price.REIT share prices can increase or decrease based on market demand, real estate trends, and the REIT’s performance.

Real estate is all about due diligenge, knowing values, knowing repair costs, knowing market trends and current market conditions. 

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!

Or reach out to an investor agent here and see if they'll provide some kind of webinar to explain the general trends.  

This shows if they understand the unique needs of someone who isn’t local.Local market knowledge – Get their thoughts on the current market and what trends they’re seeing in your target area.Communication and responsiveness – Ask about their preferred communication methods and how quickly they respond to inquiries.

If you’re planning to hold the property long-term and want to avoid potential roofing issues down the road, I would lean toward the standing seam steel roof.

Are there specific factors or trends you would suggest evaluating to make a more informed decision?

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