Is Kyle a good suburb for long term rental investment?

[Karthik Cherukuri]

Hi Folks - I recently joined BP community and look forward to learning from the network. I am based out of Seattle area and looking to invest in a real estate property in Austin area. 

My goal is to buy a SFR in $500-$500K budget with 2500+ sqft. The plan is to rent the home and hold it for long term investment (5+ years). I am ok to be cash flow neutral or cash flow negative with focus on long term appreciation.

I found a property that matches our criteria in Kyle. Based on my research, Kyle seems to be a stable suburb with good schools. The only downside (based on my limited knowledge), it is not part of the North Austin area where the market is HOT now. At the same time, i do not want to just focus on north Austin area and go into bidding wars.

What is this community's feedback on a real estate investment in Kyle area? Any red flags to not invest in Kyle?

-Karthik