Quote from @Ingrid Hussey:First I would check with local and state laws on this...

With over 15 years in the industry, I’ve had the opportunity to work on a range of projects, from residential redevelopments to mixed-use acquisitions across Texas.Today, I noticed some news about the ongoing expansion of Tesla’s gigafactory (https://www.bizjournals.com/austin/news/2024/10/28/tesla-gig...) here in Austin—an impressive 10 million square feet!

We have good cash on hand to start and very good equity in our primary home for any rehab costs.  

A few of the sellers I've spoken with  and who previously offered the broker fee as a marketing tool are getting frustrated with this type of behavior and want to shift away from offering a co-op and instead make it a negotiable concession when genuine effort is made on the part of the buyer agent.  

Quite honestly,noone would ever get into STRs at all if they were to base their rental numbers on what an STR made in its first year online.

The land is unbuildable for residences and we build these storage workshops on the properties.  

Based on some quick preliminary research, it seems like it could be a pretty good place for me to start investing.

Focus on strong markets, tenant management, and explore financing options.

Even the side of the street that the QSR is on matters. 

She has informed me that she is actively working on furnishing the home to operate as a STR should I decide to proceed.I have not closed on this property yet as I'm still determining if it will be a viable investment option for me.