Hi Kelvin, not sure about TX but here in NJ prices are already too high and interest rates are pretty high.

I charge 10% of the monthly rent, and if I have to go to the property in person for a routine inspection or to oversee a large job or high ticket estimate, Its $25/hr + $0.50/mile driven.Hiring a professional manager is ideal if you dont have the patience, mental space, or availability to receieve random spur of the moment repair and emergency requests.

You can rent by the room, which can maximize rental income.Parent Guarantees: Many student leases involve co-signers, usually parents, which can provide additional financial security.Low Vacancy Rates: Due to the high demand, vacancy rates tend to be low, especially if the property is close to campus or in a desirable student neighborhood.Flexible Lease Terms: You can structure leases to fit the academic calendar, which means you can adjust rents annually based on market conditions.Cons:High Turnover: Students typically stay for shorter periods, leading to higher turnover rates.

So, I thought I should sell, take the profits and put into high interest account, rent a room for myself for about $1100 per month with all utilities included and that way I can save additional funds for a year.

Which one rents out fast and is in high demand around the austin metropolitian area?

You can get into a DSCR program in the high 6s depending on the DSCR ratio, LTV, Loan Amount and credit. 

I hear countless horror stories from borrowers who get held up due to bad bank administration policies which are most impactful when you’re working on a draw schedule.

Very high population growth over the past few years and sustained high rental demand along with that.

A very high percentage of my tenants (in fact, almost all of them) were single mothers. 

Many of your recreational campgrounds are owned by the government (either state or local) and almost all of them do not allow you to stay more than 21 days so if you are running a long term park there is a very high demand in many states.