Renting by the room (long-term) is stable but requires tenant management, while Airbnb (either by room or whole house) can bring higher revenue but needs more hands-on work—make sure to check Little Elm’s short-term rental rules.

Consider defining clear roles, ownership percentages, and responsibilities upfront, and ensure you’re protected if the partnership doesn’t work out.Since you already own properties, it might be worth consulting a CPA who specializes in real estate for advice on tax strategies specific to your situation.

Hey @Edward Zachary Samperio, have you called each municipality involved to double check the regs?

P.S. sometimes it's more stressful than fun, but the rewards can be enormous and are worth it.

I know a lender that can help with both states that does investment lending for very cheap, it would be worth a connection as you look to build out your team no matter what you decide.

I can check in with my local bank, but I don't want to waste their time when I'm not yet serious about doing a loan with them.   

Check a few out and see what fits your style.

If you need a reliable turnover cleaning company check out Opti Cleaning Solutions.

Check out Jesse Vasquez Airventure on YouTube.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?