I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

SEO is a commitment did your not dedicated to that type of marketing use a basic website.  

Unique neighborhood and product within local market.

Are they at market rent, or locked into below-market rates?

The property has remained 100% occupied throughout my ownership and is on track to continue receiving market rents from both tenants.

The property has remained 100% occupied throughout my ownership and is on track to continue receiving market rents from both tenants.

Hey GaryI manage about 65 units in FL and I broker for STR buyers in this market, and some do self manage.Obviously the ones who choose us for management, we can assist with all of those items, but the ones who self manage do so by building a team. 

Marketing-Ready Design – Your rental should look as good on camera as it does in person.

Being in the Austin market gives you a great advantage since it’s such a hotspot for investors.