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What was your initial goal while buying it?
Original intent was to live in it.
Subject Expert
Are you familiar with the short term rental laws in Dallas?
There’s currently a temporary injunction against enforcement, but I wouldn’t bet on short term rentals in the future. Cities rarely back down once they start down the STR ordinance path…
https://dallascityhall.com/departments/codecompliance/short-term-rentals/Pages/default.aspx
Subject Expert
I wouldn’t bet on getting grandfathered. You need a backup plan at the very least.
Putting all your eggs in the “I hope I get grandfathered” basket is a plan to fail.
Two things, 1 near Highland Park is not the same as in Highland Park. What are the average rents in your location and are there people coming and staying for the minimum allowed in the city? If not, room rental might be the play.
You are absolutely right. It is not in highland park. However the location is fine.