What you might save in insurance, you could end up paying in higher property taxes.The reality is all the big cities in Texas are experiencing rapid growth and ever increasing property values.

I look for $500+/month cash flow in an area that will appreciate rapidly (typically central city, in and around historic districts).  

Austin certainly is growing east rapidly and I think this will be a long term trend. 

Pricing is rapidly escalating, and in Cupertino average price is moving close to $2M.

Either work around it or deal with it through a rapid resale (double close or otherwise).You always want multiple ways to exit a deal.

If you can continue to improve every year, even incremental improvements, then in a very short time you will have a very successful real estate business.

But I do believe I could sell it for $50k more going into the season (70% of NOI) in a base case that would offset the expenses incurred during the off season (net of the incremental 5% broker fees on the $50k).One thing with this one as well that’s super important.

The city is growing rapidly, with numerous big corporations moving to the region in the upcoming months - bringing in an a surge of new residents and an abundance of job opportunities.

These areas are now starting to undergo rapid development and remodeling. 

Things can also change rapidly with STR so make sure wherever you go you have a secondary/exit strategy in case you lose the ability to short term rent it.