Any insights on the market, property values, or rental demand?

But they don't need to pay more here as our area has always had strong rental demand, and some slowing would likely be a good thing as it's been nuts. 

There's absolutely a demand for 4 bedroom homes because many families are moving to Austin and need temporary housing.

Great post Mike, these fundamentals can be taken to any market.Understanding the traveler demand and needs, seeing where the market may be lacking (and avoiding where they are saturated), then catering to that market.   

The strong market demand in the area indicated a high likelihood of a rapid turnaround.

Demand for Midland will always be there, not sure on STR rules but if you're traveling regularly then STR it and get the tax benefits/utility from it but make sure you're not violating the occupancy stays.

Too much supply and not enough demand.

Seems the demand is still pretty high.

I've seen a lot of demand for MTR bookings in a few areas.

Whenever I read someone say that these potential tenants are all unrealistic, they demand low prices or huge amenities, etc., it gives me pause.