I agree with @Brandon Rizzo I think the supply will normalize as the migration to Texas has not slowed down and as builders make correction to a more balanced supply and demand (along with interest rate improvement) housing market will be better.

Our market is unlikely to produce outstanding cash flow with the use of a PM and if you are self managing, your cash flow equates to earnings for your efforts.I am hopeful that the high interest rates have had a negative impact on income and that the STR income will improve if rates decrease.  

You can also find real estate investing groups through meetup.com, Facebook, or a Google search.

Are there ways to add value through renovations, additions, improved management?

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Trying to improve my knowledge in finding a sweet spots for my investment.

Thoughts on how you would improve the situation?

Most lenders would like to see at least 90 days and improvements made to property since purchase to use new value.

Able to improve vacancy rates.

I’m open to networking and look forward to making new connections here.Go to BUILD YOUR TEAM at the top of your screen, and you can search for other MEMBERS or LOCAL MEETUPS.