It is also your responsibility to provide a safe living environment to your tenants. 

Renting to a group who are friends equals a more social environment and greater potential for parties/damage.

@William Oshea the regulatory environment in Austin is very hostile to investor-owned Short Term Rental in Austin.

He looks for a target rich environment.

@Nate Reed I think you've gotten the right answer here: it's all about your goals (time/ease vs cash flow/experience), and it sounds like you're not 100% sure which of those is the best fit for you right now.

Some people don't have cash flow as a goal, and instead want to own an asset that someone else is paying down for them over time, but if you are looking at cash flow, it looks tight, however if you want to take the chance and not include the PM fee, your margin eases up a bit.  

A MFH in downtown Dallas in a safe environment is not going to cash flow.

In today's competitive environment, that gives you and advantage.

I have been really working on creating my systems to ease the process of a flip, as well as set up my business in a way that it can scale.

Such as ease of renting, how long tenants stay, how well tenants take care of them, and of course which one makes you more money!