Personal neighborhood knowledge is key for knowing about your rental market that only you will be able to research. 6 homes for rent in the immediate area could mean several things a) neighborhood is not desireable or demand is lower than adjacent neighborhoods b) know your school districts and neighborhood borders carefully, they could be in different school districts even if they are a block apart and the other school district is not as well regarded. c) high vacancies might not mean high competition environment, it just means demand is low for the area and no way of making your asset stand like painting your house gold out can make people overcome wanting to seek a better neighborhood.

Jared Baker lol sorry peace of mind not piece of mind.

You can call county records permits section, whatever is called in your area to give you a peace of mind. 

Your goal is to always push for high quality reviews, a safe clean environment for your guests, and the ability to have a long lasting revenue generator for yourself.

It always seems so quiet, peaceful and green (in more ways than one!). 

I pity anyone trying to get started building new in this regulatory environment. 

Peace!!

-I am not as familiar with the TX markets as I am Birmingham, of course, but if you were determined to invest close to home and self-manage, taking the time to learn Austin and its environs super well will pay off.

Show them that you will provide a quality, clean and safe living environment. 

Peace!