Figure this property and your family situation first, then you can worry about buying properties (imo).Best of luck to you and I'm so sorry again for your loss. 

Thank you in advancehttps://www.zillow.com/homedetails/1541-Lower-English-Creek-...This is an easy one to figure outFirst, let me say the property and improvements look beautiful - you did a great job.Cap rates are determined as PASSIVE investments - so AFTER property management fees.  

I quit my job 2022, live off rental income and we house hack a large 3 level house with rents totally covering mortgage.She has excellent credit and six figure yearly income.

You just have to figure out how to get in the door early enough. 

In Manhattan, these buyouts can be 7 figures.

------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

It does later say in the agreement that it is:"binding upon persons who own, lease, sublease, or occupy any parcel or portion thereof"The inclusion of which seems to imply that long term renting and/or subleasing would NOT be commercial use.I'm trying to figure out if I'm taking a significant risk buying this property for use as an STR.

I suggested that, before disputing "my" statistics, you check the figures out for yourself.

If that is still not enough you may need to figure out a way to get rid of the car payment.

We cater to us older folk that didn't grow up with all these subscriptions and when they go on vacation they want to press a button and tell the remote what channel they want😄 We have big smart TV's that they love and if inclined can use a subscription, but then they have to figure out how to sign out of them.