The following infographics and data is courtesy of the Austin Board of Realtors:Housing inventory shrank marginally to 1 month for both the City of Austin and the entire MSA.

Anyone got any STR data for Fayetteville on location?

I had forgotten about the city data website.

They also need to coordinate the final data transfer, which occurs a day or two before the loan transfer date. 

@Chris K.One method is reviewing appraisal data for the local county office to determine allocations between land and house.

I hired an environment surveyor to do some of the due diligence you talked about --soil/perc test, drainage, utility, fire requirements, required setbacks, conceptual site plan, etc.For now, I am doing it by stages.

The way I've narrowed it down is by:Gathering data from all 50 states (population growth, median income, crime, price-to-rent, etc.)Filter out states that have rent lawsFilter out blue states (not because of political beliefs but from my understanding they have less rules and regulation and I believe that in the current climate we're in with COVID and all people are going to flock to areas that don't have as much regulation)Highlight states that people retire in more than othersBecause of short-term rental becoming a trending way to invest, filter out states that impose regulation/rules against short-term rentals using platforms like Air BNB, etc.Also, using ZILLOW, I type in my parameters (homes under $125,000, sqft.

They already have the funds so there shouldn’t be any issues with getting rent paid on time so let’s test their character.

There are other data sources predicting the exact opposite. 

Before you throw $500 at the idea make sure you have the data.