I do think the MTR/STR mix makes the most sense for Austin - MTR most of the year but switch to STR to maximize during the hottest travel months (spring for SXSW, fall for ACL/Formula One/UT Football)

Is the surrounding areas trending also with increased density?

Expertise and Experience: Property managers have specialized knowledge in managing properties, including understanding local market trends, legal requirements, and tenant relations.

Quote from @Deborah Wodell: I've noticed an increasing trend among investors looking for 100% financing or securing 90% financing and then seeking gap funding for down payments and closing costs.

I will offer this suggestion, If you can secure long-term tenants post-leaseback and consider future value-add improvements, the property could yield even greater returns.Also, keep a close eye on commercial real estate trends in Middle Tennessee, especially given the area’s growth.

One metric they provide is new construction sales, which I can use to calculate % of total sales and see whether that value is trending up or down.My question is, in general is a market more or less desirable if there are a lot of new builds hitting the area? 

When considering other locations/markets, check demographic trends - things like population changes, household income, job growth, etc.

Delve into market trends, neighborhoods, and property types that align with your goals.

The last cycle where rates were on a downward trend started in 1984 and ended in 2021.

Having a good game plan as an investor is key, making wise purchases, accurate budgets, holding subs accountable and to also know, yes, this may be the  current ARV at purchase, but how is this market trending and what’s our timeline.