Some areas the competition compared to what you will make on revenue just doesnt make sense.

Personally we have long stopped buying "doors" - we want as much revenue with as few tenants as possible, so we buy higher-priced homes in the Milwaukee suburbs.Last suggestion: look into DST's.

Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.Quick Overview: - The cost of application fees has increased- Platforms will remove listings without legitimate permit numbers- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)- Updated Party Prevention measuresMy Take:This should weed out some hosts that have not been abiding by the permit requirements.

Our daily pace report, which compares booked revenues to-date versus a year ago, shows the following:September +19.4%October +17.8%November +19.1%That doesn't mean this is where we end up for these months, just that more vacationers are planning ahead for stays, versus one year ago.  

The downside is this is a very expensive game to get into.With medium term rentals, it will be less management but monthly revenue will be lower.

They ignore that we create jobs, create affordable housing, and stimulate the economy so much that the net result is that tax revenues increase.

Good - You should have instant revenue if you buy.

Work with the local experts- talk with local zoning officials, engage architects, and reach out to contractors to understand the cost and feasibility of your project.Run your numbers- do some forecasting and layout some financial models to project costs, revenues, and returns.Make sure you are utilizing your team- aforementioned real estate broker, financial advisor/ CPA, and lawyer and others as you go.Best wishes and good luck.

Pools generally don't raise property values but in general they do significantly increase STR revenue.

(I feel like the property is quite valuable, but current revenues are small).