Under bidding, poor quality, not following timelines - those will all kill your project.

A lot of people will pay $1200/nt for 4 crappy budget motel 6 quality rooms at the All-Star resort rather than $175/nt for an 8br themed out mansion with a private pool, theater, and $30,000 arcade room.To answer your original question on investing over a long-term period, that is really this market's main strength. 

The allowed rent amount should be pegged to market rent, so it would only be way off if your unit is a way different quality or neighborhood compared to average. 

I really am a fan of RISD because it is high quality across DFW in general even relative to the big names in Collin county.

Tell them that you are serious about running a quality STR and to have them call you at the first sign of problems.That will give them some peace of mind and have a way to get a hold of you instead of calling the cops.

Best way to find cohosting gigs is to look for properties that should be performing well based on their location and quality of furnishings or amenities but cannot seem to get good reviews.

Are their listings detailed with good quality photos?

If you are buying in a standard loan limit area (most of the country), your current bonus entitlement is $766,550.

This attracts a higher-quality renter, ensures funds are available to maintain the home, and reduces the risk of major losses.

Quality?