Some single family house in good location asking around 600k. Airbnb business feels like profitable. But I guess can't count too much on property appreciation?
Permits are harder to come by these days, likely not worth the hassle.
Permit within city limits is hard to come by. Try Montgomery estates area. Its out of city boundaries but still 10 mins drive to beach, heavenly etc. don’t go too far north. You will probably net 25k per year if airbnb is done well
Don’t underestimate the work you need to put into managing a rental.
Don't do it