Due to high demand, many investors in Austin are finding they need to adjust their approach a bit to make the numbers work.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.

If I have a specific area I'm looking in I would call multiple agents to ask about the area.I also reach out to communities like this and ask for others' input as well as recommendations for a good crew- handyman, plumbing, etc.Visiting in person sometime in the beginning would be ideal so the neighbors can know you and help give you info when you're gone.And it may just be me but I like to partner with locals

My biggest hurdle has been securing financing to work on multiple projects simultaneously.  

Consider an Installment Sale: By structuring the sale to receive payments over multiple years, you can spread the capital gains tax liability over time, potentially keeping you in a lower tax bracket each year.11.

(Confusing we know, this means that not only does the customer stay for 7 days or less on avg. they also don't come back multiple times during the year for separate trips and these stays add up to > 30 days -> Trip one: 7 days, Trip two: 7 days, etc.)Personal use of the property of 15 days or more OR more than 10% of the total rental days will cause the property to become a residence.

If multiple travel nurses are telling you that the price you want is outside their budget, then the MTR market may not be the right place for you.

I'm on a completely different angle of this.I think you should have way more reserves than the average BPer, especially if you have multiple units.

Once you have multiple crews going at once, labor costs can get out of hand very easily.

After multiple promises of catching up on rent, they are now 3 months behind.

This is contradictory from what I see locally and what I have been told by multiple national lenders.