Meaning the low hanging fruit for a new investor might be a little higher up on the tree and fewer and farther between.

Down payment of $13K including reserves sounds pretty low to me . ( Based on Maryland )

Low or No House IdentityPeople want to take pride in where they live.

And the GP got cash, and low reported gain.  

Focus on neighborhoods near employers or schools, and explore slightly outside Austin for more affordable options. 

The low-end property owners would find their management fee too high and not hire them. 

Also, what are some other low cost amenities that I can add to my STR that will yield a higher ROI?

It’s inexpensive to provide but can make a big impact.Comfortable Bedding: Investing in high-quality mattresses, pillows, and linens improves the guest experience and leads to better reviews, which can boost occupancy rates.Smart TV or Streaming Services: Offering Netflix, Hulu, or similar services is a low-cost way to enhance guest entertainment and stay competitive.Fully Stocked Kitchen: A well-equipped kitchen with basic appliances and utensils appeals to families and long-term guests, saving them money on dining out.Dedicated Workspace: If your property caters to remote workers, adding a small desk and ergonomic chair can set your listing apart.Outdoor Spaces: If your property allows, an outdoor seating area, fire pit, or hot tub can significantly increase your nightly rate and attract more bookings.Energy-Efficient Features: Guests appreciate eco-friendly options like LED lighting, smart thermostats, or solar panels, especially in eco-conscious markets.Keyless Entry: A smart lock is a relatively small investment but offers convenience and security, which many guests value.If you’re deciding on amenities to add, it’s always a good idea to research your local market.

Maybe, but so far the reports are about neighborhoods where people have real money.

I too have feelings and thoughts about the programs.After I get past my feelings, I have found that I consistently get paid and vacancy is low.