You can find cash flow neutral or positive in Houston (I invest there) and San Antonio, and possibly in Dallas metros in very decent neighborhoods as those are strong economies and growing metros, though those markets may lack the sexiness and tech profile of Austin.

Their research found there is strong and growing demand for these monthly housing lodging solutions. 

Also, with the economy being strong, the forclosure rate is way down, under 0.5% as of last year.

Second, understand the "PPD" Pain Per Dollar - take time to understand the time commitment that you will need to make to manage shorter stays vs longer stays.

As someone else has said, the solution will vary a great deal based on the person's objectives, risk tolerance and time commitments.

You don't want to commit mortgage fraud.

The strategies may differ.A few perks to SA are strong job and population growth and diversity of employers.  

By then, I'm practically committed to him!  

Or offer a discount if a student can commit and PAY in ADVANCE for both Fall and Spring terms.

The economy is strong and you tend to find responsible people with good credit.