STR in Primary Residence

[Nancy Revill]

Hey everyone! We just purchased a new build in February and have an unfinished basement of 800 sq ft. We are in the process of framing out two bedrooms, one full bath, a kitchenette/living room space and a closet for a stackable washer and dryer. We plan to live here as our primary residence and rent out the basement. We are trying to determine whether a STR or a MTR (traveling nurses/professionals) would be a good route in our area. Anyone in Salt Lake County have any experience in these type of rental markets? We are located in West Jordan, west of Bacchus Highway, so I'm concerned we are too far from tourist attractions to be successful in STR.

We are located in a HOA, but the CC&Rs do allow STRs luckily! Any input or tips would be appreciated!