These often generate higher income compared to long-term rentals, though they do come with increased management responsibilities.- Improve Property Management Efficiency: Since you handle management yourself, consider investing in property management software or hiring a part-time assistant, even a VA.

I am not a lender but I do not think you will be able to get any financing based on cashflow let alone STR cashflow. 

Illegal immigration has been extremely high compared historically.  

Through a construction and purchase loan with a hard money lender.

Dallas Houston and Austin are much anti landlord compared to other counties in Texas.  

You are the lender and lending $280,000 at 0% for 30 years.

But compare to Option 1, it will allow more funds on the next property.3) Stay put. 

However, I've encountered a setback as my initial lender has withdrawn (100%LTV), necessitating the search for alternative financing.

Hi Julian, After repair value is usually based on comparable sales not rents..

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?