I know a little about the phoenix market and agree it is growing. 

I've never heard of Kin, but I too am in the market for short term rental insurance.

So is it equally illegal when the large landlords drop rental prices in a building as vacancy increases and the market softens?

@Shane Regnier I've flipped a bunch of houses in Ocala but have yet to dabble in the rental market. 

Those are all going to be good market.

I don't know about other areas in TX, but I keep a close eye on Austin-SAN corridor, and I'm familiar with the market in Kyle, New Braunfels and NE San Antonio.

Likewise, marketing in general.

If you have a lot of family in OK, that can be a great place to start assessing since you have dedicated boots on the ground, as well as a reason to visit.Don't overthink the analyzing of markets when you are still figuring things out.

So, the actual increase to market rent will be much lower.

Ensure your contractor has a clear timeline, keep extra cash reserves, and start marketing your rental rooms early.