As the market evolves we've intensified our commitment to helping investors focus only on listings that are eligible for vacation rental usages and either; have exceptional existing production or high potential for rental performance.

I'd highly recommend attending some local reia meetings.

If it's cheap, high crime area, proceed with caution. 

Until 2018, when it was closed due to low revenue and high maintenance costs 2.

You likely know this, but the RE prices are crazy high unless you go east.  

My main concern is the interest rates being so high now as to whether what I'm hoping to achieve is really even possible. 

The high end rental properties can be a different animal than your run of the mill $2,500 month rental both in terms of upkeep and demand.

, whether there's a high water table that encroaches on any underground utilities or foundations (and does that water table have significant seasonal water level variations), encroachments by roads or other improvements on your property, limitations imposed by easements or rights of way, etc.

I suspect it will be well used and have high maintenance costs.Software: office of google office, asana, possibly quickbooks (i would normally not suggest for a single rental, but the rent by room compounds things).  

Class of 2000 here, and take a look at the basketball schedule with the Aggie top 15 basket ball team.