if you were only going to rent out a portion of the house as an STR that portion would have to be worth more than your exchange as well.

@Cosmo DePintoThe BRRRR is alive and well.

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

Your strong foundation in the stock market and tech background positions you well for success in real estate investing.

Reducing risk requires at least some time spent in research and involvement in a deal.There are many other things you learn along the way as well. 

It's that simple.Doesn't hurt to have real hardwood floors and A/C as well.

Most importantly, learn how to manage it well so you don't squander your investment.

Imagine you only do 1/3rd as well as they did.

More than likely you would need to give up around 70-80% of equity and own a minority - some deals would allows you to buy it back at a set price as well. 

Is your midterm you live in performing well?