@Keonhee ChoThe Austin area presents challenges in finding properties that cash flow, especially with BRRRR, due to high property prices and rising rehab costs.

More than likely there is another investor that encountered the same challenge that they were able to overcome.

Challenges?

Understanding tenant rights, maintenance responsibilities, and potential challenges will prepare you for the realities of being a landlord.

A PM would have the simple defense of "no one wanted to book".Unfortunately, I am probably minimizing the challenges faced by the STR PM as I am not in that space.

Based on the wording of your post, it appears you're passionate about Affordable and Workforce Housing, would that be true?

Quote from @John Kelly:I would agree with @Ashish Acharya, #1 is the best answer to the question on his response in the reason it would not be good to use an LLC on a house hack until you move out of the house and call it a true rental. 

I set up a meeting with a VRBO supervisor to challenge this. 

As mentioned in the other post, deciding what your true goal is as well will help you choose a market.

Buy along the spokes  This is true for just about any metropolitan areas Buy along a major road.