new investor looking for advice on first purchase

[Akhila Chandupatla]

Hi, I am a newbie investor looking for my first investment. how is the rental market in west George town, liberty hill area. A quick search on zillow shows a lot of properties available for rent around $2100. My concern is are there too many rentals sitting idle. Any insight into how these properties might appreciate in the future. current property i am looking at is in the~500k range.

I know the price is a bit higher for investment but i plan to eventually move to Austin in the next 2-3 years and would like to use it as a rental until then.