A property manager’s expertise in handling maintenance issues, dealing with tenant concerns, ensuring legal compliance, and keeping vacancy rates low can make a huge difference in the financial performance and sustainability of a property.

However, if this market is likely not to appreciate it's a different story.

It could be a good choice if you prefer more personal space or want flexibility with different rental terms (like longer stays for remote workers).In general, duplexes are more limited in Austin and can appreciate well, while single-family homes give you future flexibility and a wider tenant pool.

It looks like a great idea on the surface but the numbers don't stack up from a risk/return point of view as far as I'm concerned (it could be different for you depending on your return expectations).

It's not that different from a normal rent increase.

A wedding venue is way different than STR but it does diversify your holdings. 

I work with multiple different programs through our housing authority ("Section 8" and similar).

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Quote from @Makani Donaldson: From what I understand, different islands or cities have different rules, and they are getting stricter.

Are dti numbers different with primary vs rental as far as getting a loan?