Big Money investors buying all kinds of property south of downtown and West of downtown in design district. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

They include: zoning requirements, building codes, impact fees, permitting requirements, design standards, public land requirements, and federal Occupational Safety and Health Administration regulations and other labor requirements.

We jointly took part in the design phase, and they got what they wanted and I got what I wanted.

Regs can run the gamut:  STR licenses are unlimited and available immediately with no restrictions, STRs can only be rented so many nights/ stays a year, STRs can only be in designated areas, the number of STRs are capped and there is a waitlist for a license.As others have mentioned, typically an unregulated STR will have more revenue than a LTR, but it will require more consistent work and effort.  

Other empty drugstores are becoming plasma collection centers, thrift stores, and car washes.While repurposing drugstores can be challenging, especially when dealing with building design and community concerns, their prime locations make them ideal for creative reuse.

I know out this way we have to design our project for 100 year storm events.

That's a well-designed portfolio from a geographical diversification standpoint. 

Or is it a binary designation?

Built in 1890, this Old Victorian was converted into a duplex in the 70's by a talented architect who made some unique and extraordinary custom design choices (read Vaulted Sunlights) that make this property truly one of a kind.