The problem is that there are no limits on how many short-term rentals a single property owner can operate, he said.In some Arizona cities, Drennon said, “bad actors” are buying and converting entire apartment buildings into Airbnb rentals, effectively creating hotels in residential areas and depleting local supplies of rental housing.By contrast, traditional hotels typically operate in commercial areas that have much higher property tax rates.Many cities around the world — from Paris to New York City and even Airbnb’s home city of San Francisco — have laws that limit short-term rentals to protect the hotel industry and residential neighborhoods.

I was blessed to travel the U.S and meet many wealthy individuals from all walks of life.

The reason I ask is in part for you as an investor and you as an individual, however these questions are rhetorical.

I found BP earlier this year and immediately knew I wanted to create a life that would lead to more/better opportunities to eventually invest in real estate.

Best bet would be to partner with a few individuals and take it down. 

@Brandon Turner also mentions in webinars, you can carry a hand written letter (or create one using) biggerpockets.com/dmletter and keep it in your car for an opportune moment.

It sounds like you created a really solid team in Dallas.

He purchase the property in his personal name, but after the purchase he created an LLC and put the property in there. 

That's the beauty of real estate you can littter create money out of paper.   

You can also create mockups on craigslist and see the demand that you are getting for the property.