You just need to be sure to get a good list - which is where a list broker comes in.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

Therefore, only luxury properties are being built (cutting out a major segment of the buyers out there). 

A List Broker can offer suggestions to optimize a list for your area, including some of the newer motivated owner occupied segments to mix. in This can be good since as @Brian Midden says, in most markets  Absentee Owners are getting a lot of offers.You might be able to get better pricing than with ListSouce

If just starting, you will want to go if possible with the smaller two segments.

Unfortunately, the low-income segment is being pushed out of Austin.  

Absentee Owners have been popular for a long time, and are apparently still somewhat effective (people are still mailing to them) but with all those offers, it's hard to stand out.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.By  mixing in these newer owner occupied segments with your lists, you should find inventory without all the competition.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

It's hard to stand out.There are some new owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

The market has definitely heated up across all segments. 

That process at least has more certainty right now than the Short Term Rental license process.Also, the local NPR did a great segment on this property a while back:  https://www.wwno.org/post/nola-life-stories-dancing-night-away-dew-drop-inn 

He was very articulate and spoke volumes of details in a clear concise manner in a short 30-45 minute segment.