This window of opportunity in Austin May end up being short lived, the sidelined buyer demand has been stacking up and the influx of population is never ending.

I would be very careful with a contractor demanding a deposit before they start work.

Do not deal with any of the individuals mentioned in this thread:https://www.biggerpockets.com/...I outline my experience and many others weighed in. 

These were plats of subdivisions that were platted and recorded in the early 1900's but never developed and generally owned by one individual or company.

What i would recommend is joining a REA or other real estate meet-up group where you can connect with other likeminded individuals consistently and share knowledge.

As @Robin Smith mentioned, for assessing demand I used FurnishedFinder.com/stats; you can see demand data for a given city and some pricing data too.

Denver and its surrounds have particularly active markets and a lot of active individuals offering ancillary services so I'd suggest you research those available services you're looking at offering to help you get an idea for what is well covered, what is lacking and what your competitor's pricing looks like.

That seems like a lower demand area than any place I would ever invest.   

If you are receiving 3-5 per week that’s not bad, considering the price is what most individuals look for when looking to rent.

Under NY state law he cannot now or in the future demand that I move the fence back onto the property line as I now have a legal claim to it.