I have no objection to the above mentioned areas of San Antonio but you'd be limiting yourself if those are the only areas you're willing to explore.

They're all so relatively close to one another, but if year-round rental income is your primary objective I would shy away from anchoring onto one of the two ski resorts.

I would say stick to your numbers and be objective and then you'll know if you find something worthwhile.

Since there are many more listings competing on the market than in previous years, it’s crucial to prepare a property to stand out among the rest and address potential buyer objections before hitting the market.

This cash out refi is a non-taxable event, but does create additional debt, so it depends on your goals and objectives.

But I think this thread's gotten out of hand and very far from objectivity.

The objective of investing in real estate is not to win in the short term, but to keep playing for the long term.

You need to pick your niche and market and then focus on that, don't get shiny object syndrome and start networking to make connections and find deals. 

"Intrinsic value"  That's a new on on me for REI.Intrinsic value:  "A measure of what an asset is worth that is arrived at by means of an objective (there's an open ended word here) calculation or complex (in other words, filled with a lot of rationalizations to make the end number work in your favor) financial model, rather than using the currently market price of that asset". 

To begin, it's essential to define your individual objectives concerning a short-term rental (STR) property and identify the specific target market and reasons behind it.