What is the vacancy rate in the area- you don't want a ton of competition.

“justified” as in competitive to local rent comps?  

We have not considered a 2 floor structure because we feel that high ceilings will be a differentiator in the competitive space.

And it'll enable you to make higher cash offers on competitive properties.In most cases that I've read and heard, it's generally not worth it to get an RE license if your sole reason is just to same on commission on a couple properties.

It’s a very competitive market here right now so I’d need to understand your financing and your goals!

I think there are a decent amount of areas where you can find a cheap place still, although it is competitive! 

➡️Competition: The demand for rental properties is often high, particularly in desirable locations, which can make it competitive to acquire your first property.

You'll have more competition with other professional hosts who have well crafted listings, but there are many more eyes on Airbnb than Furnished Finder.

I live in the Nashville area and while there are deals here, they are harder for find and quite competitive in this market.

However, the stiff competition from investors all over Texas makes it rather frustrating.