The house is in a great location. You can easily walk to famous Rainey Street, barbecue joints/breweries on the east side (about 1-1.2 miles), and the riverfront. Otherwise, there are plenty of scooters in the area to rent, which make getting around easier.
The house itself was spacious and accommodating enough for a group of 8. A couple of folks will have to sleep on a couch though. Also, the living room space for lounging is tight if the whole group is present. The outdoor patio area helped to have all people on the same floor but not all in the house simultaneously - at least during the day.
Overall, if you are spending most of your time in Austin out and about, then this home is an excellent home base. If anything goes wrong with the house or you need suggestions, Sarah and Steve were both very friendly and responsive. I would recommend staying with them.