There is always room to add another property and make a decent return, but it requires enough knowledge/experience to create a rental that is unique enough to attract renters away from the competition.

"The Space" at the end of the paragraph - https://www.airbnb.com/rooms/736189831965333009?

Expenses that don’t go up as fast take less of a bite as the ARV increases, leaving more room to (slightly) increase the purchase price plus rehab limit to 75% of ARV.We use this rule of thumb for screening, but always create a spreadsheet to estimate all expenses and run a P&L in detail for comparison.

I try to respond to stuff that I'm at least somewhat familiar with or see similar experiences with others.I'll have to ask him, but my guess is there isn't much wiggle room. 

As I stated, my thoughts are if you are only getting access to a library of info, why pay $20 grand for it???

The property must generate $5,712 ($9,037 - $3,325) more cash flow annually to compensate for the higher operating costs in Texas.Overhead costs have a large impact on cash flow.Property Price GrowthAccording to Zillow:Average San Antonio single Family home prices decreased by 2.9% YoY.Average Las Vegas single-family home prices increased by 6.5% YoY.San Antonio and Other Texas CitiesThe challenge with San Antonio's appreciation and rent growth is its unlimited room for expansion.

Be clear that you are not messing around, have some wiggle room and grace, but that you have bills to pay too. 

It is big with over 20 rooms

It’s a great market and room to really grow from the ground up.

Essentially their model is to take a 3/4 bedroom SFH, put flex wall it to 6 tenants and rent out each room individually.