@Bill RiderTalk to your cpa but the answer appears to be no based on what you provided

Short-term rentals of residences, as defined in Article 1, Section 5, may beConditional Uses in the A-1, A-R, RR-1, R-1, and R-2 Zoning Districts, provided that thefollowing requirements and limitations are adhered to:1.

It provides vacant homes, preforeclosures, loan balances, equities, tenant occ, and so much more...Any ideas/opinions?

I have funded i bet no less than 200 deals in the last 10 year that were from Aussies selling their home that is now a full reno.. many of them in their superannuation funds. ( US version of IRA )  just the dirty little secrets most wont talk about. propertyinvesting.com.auJust posted on there last week.It's completely dead mate.Such a shame.SomerSoft was big and they shut down also and re-started propertychat which is now huge lolBut literally no talk about investing in the US.Aussie's got burnt bad so it makes sense unfortunately Yep, $100,000 in Super for example.Property agreed cost $50,000 but provider put $100,000 on PA.Gave the $50,000 back to Aussie investor so they can cycle money "legally" out of Super.Was a nice little scam that suited many Aussie folks and property sellers in the US.Even tho the property they bought in the US was $#%@ but I guess that was the cost of getting money out of the Super prior to retirement age.

The shopping center probably has other entrances Im guessing, but it still looks like this road provides additional connections to their development.It is mentioned there is a shared access easement here, which is what I would expect.

But you have many options based on what you've provided here.

Yes, hurricanes can be worrisome, some much more than others, but with a reliable insurance policy, I have a hard time believing you will find a US beach market outside of the Gulf Coast that provides a more reliable income stream for at least 6, usually 8, months out of the year.

Reinforce that Sub-to is not a new transaction type, that many have been done, and the documents provided explain everything, and were included at the closing.

But at this price point they are going to be more conservative on ARV because of the smaller buyer pool.Based on just the information you've provided, I'd expect a flipper to pay $875k for the Property. 

(i looked at the previous owner lease no mention of pest control)The previous landlord changed the A/C filters for every unitThe previous landlord provided light bulbs.Is that common in Texas?