To me its where you put your lawn mower and christmas decorations and wouldn't have the space to put a bed, fridge, closet or other storage, tv and other basics.

We build single family too and larger assets we are in entitlements but we have a standard product for the triplex. we build 668 sq ft. our goal was the smallest two bed possible to create maximum rents per sq ft and max equity and lowest build cost.

The rent is not realistic with the bed/bath count and the condition;it needs a large rehab.  

How many beds/baths?  

I chose this larger apartment because I had initially planned to rent out the spare bed + bath for $700-800/mo, but he stopped me because he 'wanted to ensure our privacy.' 

It's a 2 bed/2 bath and it's my first home.

Currently, the City generally categorizes short-term rentals, such as Airbnb or Vrbo, as hotel, motel, or bed and breakfast uses because the lease period is less than 30 days.

I have a few small 3 bed ranches in 44306.

A bed would be the first thing , maybe a dresser and a night stand 

Until you work out the bugs in your sysyems and procedures.Or, if you invest farther away, do a personal, physical (not Zoom) walkthrough of the property before you sign off on it.Surprises and out of state investments, don't make good bed fellows.