If you buy something too nice that is also light and compact then a guest may help themselves to it.

Then create content around this specialty.

Or should I invest regardless of student loans if my hope is to use FHA loan for smaller downpayment and then eventually rent the house out in a few years once I move?

They also have blanket insurance coverage which is much lower then policies in Philadelphia.

We then will either sell or keep it as a STR depending on what makes more sense for us. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I'd suggest finding a third property - then you should be good to go with at least a handful of DSCR lenders

There are also a lot of different options in real estate to single family residential, multifamily, commercial, NNN and then being on the debt side of being the lender which has cash flow but not appreciation. 

Goal would be to acquire 20 rentals by the age of retirement, with some already starting to be paid off.I am in the same boat as you, and I focus on safe appreciation all day (small cash flow for safety and then focused on markets on that appreciate). 

If a closet is a necessity for it to be a bedroom , then I own 2 houses with no bedrooms .