In the operation, you should use a third party dynamic pricing platform that will adjust your night rate automatically based on the data they have in the area. 4.

SpaceX now has a rocket testing center right outside of Waco, Amazon is currently building a huge distribution center in Waco, and BSR Surf Resort & Cable Park built the #1 wave pool and cable park in the world, making Waco an international surf and wakeboard destination.  

Different platforms use varying data sources, algorithms, and criteria for comps, so discrepancies are common.

Test out a tour fee or small application w no credit pull.

This is all public data, except for the rentometer estimated rents (which you should expect to mark up for being fully-furnished). 

You do all of your own due diligence on what to offer based on the data.

Its growth rate is intimidating, and my personal interpretation of the data is that the market is actually still undervalued. 

A good PM has a solid agreement that is easy to understand and time-tested.3.

Louisiana is also a very landlord friendly state and that doesn't hurt either.I have been looking at the rental data in New Orleans lately and it seems like there may be a surplus of rentals available, most likely due to the STR rules causing people to switch to regular long-term rentals.

If you get a lot of properties it would be fun to have the first tab pulling data for metrics on portfolio performance, monthly cash flow, expenses, etc.