Rates will be in the low 7s. 

Long-term objectives play a crucial role; selling might be preferable if you need funds for other investments, while renting could be beneficial for building equity and generating rental income. 

The shower wasn’t hot (I looked at anti scald it was to low.

Funding came from a small local bank here in Memphis, Tn How did you add value to the deal?

I've had enough on my plate that it's pretty low priority but would be nice to get done.

It's certainly competitive but as long as you have everything in place, contractor, funding, and deal source it can be quite lucrative. 

The Austin metro is sitting at super low unemployment rates 3.7% even as the metro is growing daily as the employment force expands rapidly.

There is very low chance any legal action is forth coming towards you. 

Second, is that it is a really low risk way to gain experience in STRs because you have less capital on the line.

I was anticipating not even being able to rent out these units, but I put one up for rent at a low price and after a week found some perspective tenants.