I understand that the City of Anaheim is no longer issuing new STR permits, so one option is to buy a property that already has an existing STR license.

According to Airbnb:Guests who book Airbnb listings that are located in the City of Tuscaloosa, AL will pay the following tax as part of their reservation:City of Tuscaloosa Lodging Tax: 11% of the listing price, including any cleaning fees, for reservations 29 days or shorter.

I know you mentioned Panama City Beach area but if you're open to Jacksonville, we have a fully furnished turnkey STR listed on the market at the moment that is generating over $40,000 in annual gross revenue.

Our city council is wild.

Think about people in high cost of living situations (Los Angeles, New York, etc.) where although $50k could buy them a $1M primary residence, they may want to start investing and that's where these sub $100K properties come into play.

You leave out important info, such as the fact that people our pouring into SC from California, New York, Etc, causing a massive demand for real estate in our area, among other reasons. 

In Metro Detroit, if they are not paid, the city sells them to county (with penalties & interest) and county adds to tax bill.Since the water bill stays in owner name, this creates challenges:1) Billing Tenants - do NOT let water bill go to property and trust tenant to pay! 

Okay, If I find you a deal in Buffalo, New York, will you buy it from me? 

Anyone else deal with this kind of insanity near a “city-managed” neighbor?

Since housing is seasonal in many ways using a year-over-year comparison is the correct methodology to use when comparing market conditions.At first glance you might notice that the city of Aledo has a drastically higher median price when compared to last year.