There are good players in the space, and some bad. 

It is difficult to to make LTR work in Austin because of the rapid appreciation we've seen so I pivoted to doing medium-term rentals.

What was the pivotal piece of information that you learned from someone or read in a book that kicked off your investing journey?  

That can change your underwriting expectations.5) Get multiple financing pre approvals so if a property doesn't work for FHA due to the SST, high PMI, condition, etc you can pivot and use a different kind of financing such as 5% down conventional (no PMI, fewer required appraisal repair potential)6) Always make sure to pull the property tax bill when looking at the taxes.

I'm wondering if I should hold tight and keep making offers or should I pivot to a different strategy (another market, BRRRR, multifamily, etc).

This is how the bigger players are making millions.

They are a major player here in Las Vegas and are part of the reason that undeveloped land for residential building has climbed past $600,000 per acre.

Other players are needed too, but a PM is the big one.

If you aren't sure, I would study other sucessful players in your local market and on BP and determine what "niche" of the market do you want to carve out for yourself.

Although oil is still a big player in OKC, there have been substantial increases in other industries like aviation, health care, tech startups, and entertainment that I think will help balance out the power.