I can tell, right here, right now, that Austin is the worst major metro to invest in rental housing stock in 2024.

We've found new construction homes to offer more predictable returns, better tenant quality, higher appreciation in values and rents long term, etc. 

Literally everyone is a RE coach or some type of finance expert (typically buying stocks/index funds some crypto) and they talk on and on about "contact me about how to be successful and free from your W2 job.

He was the person who inspired me to invest in the stock market when I was 15-years old and inspired me to invest in real estate.We have some really bad areas in California, but the laws are more landlord friendly and even the worst tenants are more respectful that what I dealt with in Massachusetts.

Sober living facilities can carry a higher insurance cost plus riders due to liability and likelihood of predictable behavioral issues.

Examples of common objections include needing to discuss with a spouse, feeling it's not the right time, uncertainty about the location, or having funds tied up in other investments like a 401K, 1031 exchange, or the stock market.

I think a big value for Galveston (despite its warts) is that it is an ideal STR market for a recession/downturn (that hasn't quite seem to come yet despite lots of people predicting it, but it might be finally here). 

They can offer more predictable income and appreciation over time, especially in areas with growing demand.On the other hand, creating a trailer park could be a more hands-on investment with potentially higher returns.

Pros Of Long-Term Rentals:Stability and Predictability, Lower Turnover CostCons Of Long-Term Rentals:Reduced FlexibilityPros Of Short Term Rentals:Higher Potential Income, FlexibilityCons Of Short Term Rentals:More Intensive Management

Especially if it an odd sized door that Home Depot or Lowe's doesn't carry in stock and requires a special order.