The key is to purchase in desirable locations where demand for rental housing is high, ensuring consistent occupancy and the potential for rental rate increases over time.2.

And it is unlikely you know the correct questions to ask.Drive over, knock on the door, and have a conversation.

Very different advice if you were looking to make $20k a month while spending your days on the golf course or lake. 

As you go on your real estate journeySomething I would recommend for you is this website. https://www.areavibes.com/Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

agree .. other wise its just the bottom feeders looking to take his equity from him  with couching it as a rescue.. his best bet it to sell if its owner occ the profit is tax free .. regroup and start over.. 

This is a challenging time to place tenants.  6 weeks is my second longest ever with the longest being a unit that was ready mid December and took over 8 weeks. 4 months is long.  

I'm also seeing lots of homes for sale that were used as Airbnbs, so I'm wondering if that along with these numbers may indicate it's an overly saturated market, and if these are signs that maybe I should keep searching for a stronger market, or just a property that cash flows given the average annual revenue?

Of course, you didn't earn any interest over the years either. 

Better to spend $60-80k for a conversion than over 120k.  

As listing inventory built up in the spring, prices softened a bit as we hit the summer months with an uptick toward the end of the year.For broader context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:Compared to the recent price peak in May 2022, the median single-family home price in Austin is down approximately 17%.