Here's time & money an agent or PMC needs to spend to get a rental listed:1) Make sure it's clean2) Hopefully, take professional pics and just not use the camera-phone3) Take room sizes and note positives and negatives about the property4) Since most rentals aren't advertised on MLS, research multiple sources for rental comparables to determine rent.5) Write a GREAT ad for the property6) Syndicate or manually enter the ad on numerous websitesThen, once published for rent, how much time do you think they spend taking all the phone calls (most of them from idiots who don't take the time to read the ad), doing all the showings, chasing applications & supporting docs, processing applications?

We’ll need to observe as we move through spring and into the early summer.Here are the full stats for Austin and the greater metro:SXSW is now in full swing in Austin, with many attendees renting one of the numerous short-term rentals in the area.

Depending on how your reserves/portfolio look like, there could be numerous strategies. 1031 exchage?

Those fields would be relevant if you were taking out a loan on the property.  

In addition to numerous tradition RE related investments (most individually owned but some as LP), here are our unusual investments (both are RE related, but not what is common on this site)- I have mentioned this one a few times on BP, when fracking was just starting to be known to the general public (near turn of century), we purchased mineral rights in North Dakota.  

I really think Facebook Marketplace has been taking over in this field.

On that playing field, everyone's costs go up just to stay in the game, only to end up in exactly the same place competitively.Better to spend the money on acquiring (or trading up to) properties with really defensible differentiators like a great view, great location, or lots of bedrooms.  

You're in a great field and you can save a ton of money by working and living at home. 

That field is kind of misleading.  

We feel it's a great opportunity, but we both are very green in the field of rental properties.