Don’t worry if you are new or seasoned, to over complicate yourself with that, just be sharp and honest.

Sharp agent and PM. 

It’s clear you had a sharp eye for opportunity with this duplex, especially given the prime location and potential for adding value through additional bedrooms.

The more rehabs you do the better understanding you will have of the market for contacting work and materials.Doing a rehab every so often prevents you from being sharp with your budget.For those with limited exposure, ask others in the industry and always run your numbers based on being overbudget and overtime. 

Having a healthy fear going into any deal can keep your sense sharp to avoid potential pitfalls. 

You'll notice in these subto assumption deals the length of the exit, the risk curve will get very sharp on you. 

I’m working on scaling my multifamily portfolio as well, and I’m always looking for sharp, motivated people to collaborate with.

For a more general philosophy on hospitality, especially if you are going into the higher end STR space I would recommend Four Seasons: The Story of a Business Philosophy by Isadore Sharp about the founding and development of the Four Seasons brand. 

Those are some pretty sharp looking "yurts".

However, Austin proper has a high barrier to entry due to the sharp rise in property values in recent years.