I guess tourism is an important enough industry there that while they need to limit the short term rentals for local residents, they also need them to provide lower price points for visitors. 

Exploring wholesaling and land investing is a great way to break into the industry, and your focus on value-adding strategies and modular housing shows you’re thinking creatively about how to address market needs.Your entrepreneurial background in auto detailing will definitely serve you well in real estate, especially with your attention to detail and perseverance.

SpaceX now has a rocket testing center right outside of Waco, Amazon is currently building a huge distribution center in Waco, and BSR Surf Resort & Cable Park built the #1 wave pool and cable park in the world, making Waco an international surf and wakeboard destination.  

Some of us in the industry are fighting to help with that for the limited partner, and hopefully that comes to fruition in the near future.  

BP is a great place to learn and connect with fellow investors.If you’re looking to invest in your backyard, it helps to network with as many locals in the industry as you can.

In real estate (and probably other industries) this is referred to as a Single Purpose Entity, and it's usually a smart move.

Good morning Sandhya,I have been a part of NARPM for many years and Highly recommend joining the group if you plan on becoming an expert in the Property Management industry. 

To explore out-of-state markets, consider population growth, job growth, and diverse industries.

More so than industry norms, the tenants expectations will be based on what is currently in place.

I look forward to connecting with everyone to grow my knowledge of the industry and help others with questions should they fall in my area of expertise.