Cody, it really comes down to your long-term goals and cash flow comfort level.

Air DNA seems to indicate a low rate but I feel like the 108 corridor is exceptionally vibrant on the weekends.

From the start, we saw it as both a comfortable personal residence and a long-term investment we could rent out when we moved.

It's comforting to hear that the challenges with student rentals seem to be universal. 

Also the low rent indicates there may be quite a bit of delayed maintenance.  

There is a plethora of data indicating that attempting to time the market isn't a winning strategy.

I will not be shy about pulling the trigger once I'm more comfortable with market and deal analysis. 

It also has a bunch of really unique benefits/tools for your rental portfolio (Lease Indication Tool, Expense Tracking, Maintenance Requests, Rent Collection, Tenant Communication, etc.) in one central place  Might be worth you looking into if you want access to something that's affordable ($5/month per unit), has lots of features that I enjoy, and more - especially if you’re unhappy with some of the tools or processes you’re using today with managing your property. 

If you are someone who's really hands on and want to do lots of tweaks yourself to optimize comfort and save energy, then smart thermostat might be an upgrade to your vacation rental property.

It is an indication the market has gone to far.