It’s especially designed for real estate “professionals”.

It sounds like the MLO is designed to have a purchase option at the end of the lease. 

My place is a bit outdated and I know I could get higher rent with some renovations, but this is the way I look at it.I have looked into investing $80k or so into my property just to update it and get it a bit more attractive and then doing a HELOC or Cash Out Refinance to purchase another property and continue on the BRRR strategy.

I thought that the property management fee was designed to cover the cost of them calling out a plumber if it is needed. 

There are a few exceptions though, for homes that have unique features, homes that look like they were renovated with quality materials and tasteful design are being bid up.

The Austin area still has a long way to go with venture capital formation, but the capital will be attracted here too given that Austin is beating out Silicon Valley in many of the key measurements for best startup climates. 

I've bought/sold many houses where the sellers can't even find the keys because they haven't locked their doors in decades.Home locks are designed to keep honest people out.

*near RV parks, hotels, tourist attractions, restaurants. 

There are Turnkey investments designed for folks busy doing something else.

I believe that option 2 is more attractive to this class of tenant than option 3.