For me I'd rather invest long term in strong markets with good market fundamentals, which long term means capital growth and income growth.

CCIM would be useful for commercial PM and actually is excellent for working the numbers, although more sophisticated than the average investor Client makes use of.Also, you should be very familiar with the fundamentals of plumbing, electrical, and construction methods and processes, and the aging process of the various elements of typical homes in your locale.

So OP we have a lot bigger underlying fundamental issues that are directly correlated to the housing affordability issues in our country that have nothing to do with anyone on this site.

WRT inflation and interest rates going up, I think that will push buyers down the price scale, as most people budget based on the monthly payment, but I don't think that will change the fundamentals driving people to come to Austin (whether that's 50/day or 100/day). 

As my GC says: "if it's stood straight and true for the last 100 years, it'll probably make it at least another 25".Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).Good luck out there!

Plus, if you look at the housing market fundamentals here, they are strong.

I.e. he’s referencing gamblers who don’t understand, or care to understand, the fundamental rules of investing.

There should be some sort of regulation put in place for it.The best solution I can think of is to, I don’t know, have some sort of program or schooling where you could go learn how to fundamentally and legally sell real estate.

They regularly make fundamental changes to it, breaking any hooks you've made into the API.  

Make sure you understand the fundamentals of real estate, how to run your numbers, evaluate markets, perform due diligence, etc. and then take the next step and make an investment.https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-dealBest Wishes!