I'm contemplating this decision because I'm not sure if it would be desirable for tenants to have an extra room instead just a loft area.

But ultimately, that's a decision you need to make with your attorney. 

You will likely make bad decisions because of that.

I made the decision to purchase a 6 unit building with those funds that will eventually cash flow $4200/month.

Be sure to really dig into it, talk to others in your market, and make an informed decision.

I heard that phrase a while back (I think it was a BP podcast) and it stuck with me.This has been a long time coming, but my wife & I finally worked ourselves to a position to make that decision. 

if you can tell the future with 100% accuracy sure it would be an easy decision. and yes, for some buying down a 1-3 points can absolutely make sense.  

Happy to share my experience to help you make the decision. 

It has a lower turnover than STR but can bring in higher rent than traditional leases.Co-Living Arrangements: Renting rooms individually on a month-to-month basis could generate more income than a single long-term lease while reducing management hassle.Furnished Long-Term Rental: A furnished rental could allow for higher rent and attract tenants who don’t want the STR commitment but still value flexibility.Partner with a Local Boutique STR Manager: Some local companies manage STRs with lower fees than Airbnb's traditional managers and could help keep profits up without 20% fees.Hope that helps you with your decision!

I know this may be an individual decision ultimately, but what types of land did you purchase, or what regions, or what characteristics and why?