Everything you said is common knowledge.

However, forgive my curiosity - I'm really just trying to soak up as much knowledge as possible.

I'm a foreign national living in Ghana, and I have some knowledge about Real Estate, though I have little experience.I would love to have a partner who could go in with me, to put up any cash that might be needed. 

However, short term rentals are much less passive than long term rentals and are essentially a hospitality business, which is in and of itself required a whole additional layer of knowledge and expertise.With regard to your question about private lenders, it’s important to draw a distinction in terminology between “private” and “hard money.”

Because this property is located in midtown historic district of Sacramento, we feel there may be market for both MTR and STR, but first thing is we will target LTR and let 3 or 4 units filled in.When we first start developing this apartment from ground up, it was intended to flip and move on to the next project, with timing and interest rate etc.. we deiced to keep it as a cash cow for a while and see how things go.  

How limited is your knowledge base?

Knowledge and skillset is a big part of this.

Asking to anyone who has experience, knowledge or connections in these southern texas markets, how has this or does it affect your real estate strategy and returns? 

@Jay Hinrichs yes to my knowledge there are other states that changed regs.Off the top of my head.

I never mind helping to provide the benefits of my experience and knowledge to someone.