Real estate is a long game, and getting a good asking price when the demand isn't as competitive because most people have similar thoughts to yours - might be worthwhile to take on the investment.

Competition does a better job of regulating pricing than company transparency in my opinion.

How full is the competition? 

Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.

A new federal law levies specific requirements on all association boards with some heavy fines; you can search "Corporate Transparency Act" or read my article on that here.   

This can add up.Property Standards: The house has to meet certain standards, which might limit your choices in a competitive market like LA.Loan Limits: There’s a cap on how much you can borrow with an FHA loan, which might not cover the higher-priced homes in LA.My Take:If you’re set on buying now and can handle the extra costs, FHA could work.

As I recall, just meeting three of those conditions (and there are several more) moves you from 1099 to W-2.It's been 9 years since I sold my pack & ship store, so maybe that has changed.The USPS is ramping up their competition, so it's wise to keep an eye on them. 

This only means, learn a lot more and make a lot more connections before even thinking about it or you will get caught in a non-productive funnel that doesn't work.You should be looking OOS for a place you have a competitive advantage.

But remember that you have to furnish the whole place to the tee to crush it on STR in the Austin area, there is a lot of competition.

Both are terrible advice for MTRs as this space is becoming hyper competitive in most markets and the bar has been raised significantly by STR owners pivoting to the MTR space.