Therefore unless there is an existing use permit that's been maintained through proper licensing you will be required to obtain a variance.

And, if prices of existing homes rise faster than inflation, you can acquire additional properties with minimal additional cash from savings using cash-out refinancing.Income reliability - Tenants pay rent, not properties.

On the SpaceX front, Musk is taking flight on yet another investment effort to bolster the business' presence 30 miles outside of Austin.SpaceX, headquartered in Starbase but with an existing facility in Bastrop, will invest $8 million into expansion efforts at that Central Texas office, according to a project filing registered with the Texas Department of Licensing and Regulation on August 27.

MTR is decidedly less work, and with STRs saturated in my neighborhood this year and the increased need to differentiate in a crowded market, MTR is increasingly attractive. 

On existing buildings they prefer you rebuild wood windows instead of replacing, etc. 

A 16% cap rate sounds promising on paper, but the logistics matter a lot: staffing, guest intake, rent collection, compliance with local/state regulations, and community relations can all make or break the business.We’ve helped folks who purchase existing homes and those starting from scratch—developing systems for managing staff, automating collections, maintaining certification, and keeping occupancy high.

(in my area it is the average of the existing surrounding houses, excluding any outliers, less 20%). 

It already has one existing apartment.

Additionally, new homes are being priced cheaper than existing homes, and the country’s second-largest homebuilder is offering concessions of up to 14% on top of that.Given these factors, home prices have a higher probability of falling rather than rising.

Get a solid foundation in that by reading, but also by walking through existing projects from other investors and contractors will certainly help!