Also a side note, when looking at an STR investment in Austin, factor in the high annual property taxes that can get up around 2% of the appraised value of the house (ie house appraised at $500,000, pay $10k/year in property taxes)Hope this helps.

@Greg Hansen I actually saw this July meetup scheduled at Wicked Barley last week and marked it on my calendar and am hoping to attend as well.

Steve Just wanted to drop in and say Hi.. have not seen you around in many moons hope your doing well !!!!

The minimal appreciation is not forgiving and if you make the wrong buy then you will without a doubt lose money. 

Often, they may volunteer a higher amount than you were hoping for.

Anyways, hope this helps.

We sold at a profit though and the new folks have it as an airbnb with all our stuff in it :)  If we had to pay a manager we would have been losing money.. and to self manage like i said I am just too busy to deal with these there is simply better money for me in other avenues..

No crazy growth and hopefully no crazy downfall.

If you have a contractor put in different size windows the home may lose its curb appeal and look downscale.

“Without a sense of urgency, desire loses its value.”