Check the demand for single-family homes in the area and look at recent sales to see how similar properties are performing.

I agree with @Brandon Rizzo I think the supply will normalize as the migration to Texas has not slowed down and as builders make correction to a more balanced supply and demand (along with interest rate improvement) housing market will be better.

You are approaching it the right way with creating a foundation, getting your finances in order and learning about the businessGood luckGinoHi Gino,My interest in real estate started after I got my first career job and realized how demanding it can be.

The conversion rate on direct mail is slow but when you are in a demanding market it's slower and the cash cycle could take over a year. 

As Min Zhang suggested, making sure you have a reliable property management company is key and can ensure you aren't dedicating any extra time to taking care of this asset when you already have a job with demanding hours.

Location is critical, so look for areas with job growth and strong rental demand.

They are already treated as hotels, there isn't really any risk of being regulated out.Additionally, from a demand perspective Orlando is built around tourism.  20 years from now people will still be going there for Disney/Universal/Seaworld etc. 

Curious if investors are seeing an increase in demand in the Hampton Roads area.

Generally, I’ve heard there’s demand for both unfurnished long-term rentals (LTR) and furnished mid-term rentals (MTR) in Anaheim, but that’s very general and hearsay.If you haven’t already, it’s a good idea to look at rental comps in your specific area of Anaheim.

Supply & DemandUnlike financial markets, real estate prices and rents are driven by supply and demand.