If you can get in before a property hits the market, you can often negotiate a great win-win deal for everyone. 

Having local family gave me a built-in support system, market familiarity, and the confidence to manage a property from a distance if needed.

.: Does anyone have any information about the short term rental market in Kyle Texas?

Any tips for navigating the competition in such a hot market?

It is a very competitive market and units in the tens of thousands.

I’m targeting assets between 25-100 units located in high-growth markets that exhibit strong fundamentals.

However, I made the decision when interest rate was lower and there was support for an appreciating real estate market.

It also allows the manager to work directly with the insurance company to resolve issues efficiently.In Texas, this is part of the standard Texas Board of Realtors Property Management Agreement and is considered an industry best practice.

RE isn't the stock market. 

Particularly I am looking at some 6-plex and 8-plex units in my target market.