The returns are not as high as I get in the United States compared to the lease options that I do with single-family homes, but the enjoyment that I get from visiting these properties and hosting investor retreats out there is so much greater than any regular investments that I have in the states.Let me know if you have any questions about the things that I’ve mentioned.

As far as the legal side goes I would recommend speaking to a real estate attorney in Texas as they will be able to give you the best advice. 

That is so helpful!

In any case there is no taxable event yet.As far as your brother is concerned, it again depends on the nature of the transaction. 

There is SO much to be learned.

Considering going in with other investors on a condotel unit in Las Vegas.Do condotels have anything different about them - as far as taxation/regulation/classification vs any other type of short term rental?

don't get me wrong, I liked the low rates as far as being able to buy properties and get mortgages, but for savings...not so great. 

If the sales price is so high, you can not even obtain at least 1%  with a Zillow rent estimate keep looking.   

As far as sourcing the lot, dealing with zoning or the city on new construction permits, engineering plans, etc. 

(I do have a unit that I plan to make into an MTR sometime in the next few years... that's as far as I've gotten.)My opinion is that you should invest in STRs because: you're passionate about hospitality and therefore want to own and operate an STR successfully.