The location was great, and the place is clean, nice, and well air-conditioned so cool in the summer.
Also, when there was not initially detergent for the laundry, the hosts dropped some off for me and started the washer/dryer for me, which was nice.
Two things stood out as negative:
1. The wifi did not work the entire time I was there (9 days), and the hosts said they would do something about it, but they never did. I used a hotspot through my phone, but the reception is not great, so working from home didn't work so well.
2. The walls are very thin and many of the students who live there play loud music, so you can get woken up in the morning (or possibly kept up at night).
Also although this is apparent from the pictures, so I guess I shouldn't complain about it, it's also worth noting that there's no desk or table to work at. I pulled the low chair/futon thing up to the bed and put my laptop there.
That said, you get what you pay for and it's quite affordable and convenient to get to UT Austin.