Finding better deals because of less competition?

So you have to be competitive with him. 

In short, yes - making an offer contingent on FHA financing in a competitive situation will likely make you less competitive than a comparable buyer using a conventional loan.

The city's median one-bedroom rent is high at $3,731, reflecting the demand in this highly competitive market.

@Musarat YusufaliHey Musarat, great question—Austin has strong demand for mid‑term rentals thanks to things like tech relocation and contracting work, but the entry cost and competition are high.

Furthermore, HOA’s and PUD’s are common entitlement tools where the use is not by-right and that may influence whether an HOA exists even in instances where an HOA may not be necessary per local municipality guidelines.

That’ll help you stay competitive and attract qualified tenants faster.Also, make sure you’re very clear about your rental requirements in your listing — things like minimum income, credit score, move-in date, and pet policy.

This will greatly influence the working capital that's required unless you have a GC who is willing to front all of the costs which is rare, particularly in the $250K ground up space.  

Tourism Dependency Influences PolicyCities that rely heavily on tourism tend to support short term rentals.

I understand more money is made on appreciation than on mortgage loan paydown.Charlotte - Has less inventory, more competition.