My heart skipped a beat with excitement when I heard this.

It helps the GC to have an idea of what you want to do, so yes, if you want to spend money on an architect to do a conceptual site plan and a civil engineer for site improvement plans, you could do that.

My father even brought me along to ask for private money lending at peoples homes. 005 bought my first home in Louisiana, turned into a rental and moved to Fort Worth Texas and bought my first brand new duplex in 2008.Educated myself and bought real estate investment courses and settled on Armando Montelongo‘s flip this house completed that course and bought my first 2 fix and flip in 2009 sold one in 2009I did not farewell during the housing market crash, simultaneously lost my job due to the Event Horizon oilfield disaster.My lovely wife and I now purchase real estate in San Jose Del Cabo Mexico with our cash and build with our money as well.

This means the crime level shouldn't be high, the median income > $40K - $45K, and there should be enough homeowners in the neighborhood.What else I should care about?

Palo alto the 180 recently traded at 3.2 mil and the 350k one would be over 4 mil.. and would have cash flowed a ton :(  But you know I was at the time afraid of negative cash flow and I did make substantial profits on each that went into my business.. so not all bad.. 

If you're active in the area or have any tips on how to break into the local market, l'd love to connect and learn from you!

Are there general rules that apply about this, or is this a lawyer question?

As a reminder, the San Antonio City Council approved new STR rules (you can see my post regarding this here!). 

This helps set the right expectations as we are not in an easy cash flow market.

One route is to explore refinancing these properties into your name with a cash-out refinance, which would allow you to access some of the equity while officially transferring the deeds.