The dilemma for Austin is that on PAPER it is ripe to the Appreciation investor because of the anticipated job growth forecast and who can blame them.  

If so, you can weather any short-term challenges in the market. 

As Travis mentioned, I work for Your Castle and have plenty of trends booklets for residential, fix/flip, condo, mountain properties, school/rent ratings, economic forecast documents, etc....tons of stuff for investors to consider and blows the "myth" of any bubble, ceiling for our special Denver market.  

We’ve had crazy weather in the panhandle this spring and my guys are 6-8 weeks behind and prioritizing leaking roofs which mine is not.

Once you have that range, I would budget/forecast using the low-end, but set your rent slightly below the median rent for your neighbourhood.When it comes to revenue and operating expenses, treat your rental(s) as you would any other business.Your effective gross revenue would be your scheduled rent (what you would receive if the property were 100% occupied all the time) minus an allowance for vacancy/bad debt/evictions.  

i am in same boat tom, got a lot of equity in a successful short term rental, but i am paying rent in another place, trying to figure weather to keep paying rent, or get a something i can live in with whole new loan and be building equity then go and leverage the short term rental for another spot, but dont want to get in over my head, market is spooky right now, let us know how you go!

I am a calm professional and just have had some odd occurrences where i'm unsure at this point on weather I want to continue to work in these C class areas with the caliber of renters it brings.

Try to beat the snow, these aren't fun in 25 degree weather..I may be able to help you, I have a crew available after the 15th. 

Although, there is Zestimate Forecast, used to predict future home prices. 

Making sure that communication and legal safeguards for the seller are set up and that you're well capitalized to weather any issues are the most important aspects in a subto transaction