So far so good.I do feel like you attract more tenants by offering the W/D. 

I also recommend you discuss this with your tax advisor.There are many other alternative asset classes to invest SDIRA funds into. 

Is Guesty or Lodgify a good alternative? 

The area is attracting young families and first-time buyers priced out of other areas.Key ROI Factors:Properties are still undervalued compared to nearby Inglewood and East Nashville.Strong demand for affordable, move-in-ready homes with modern upgrades.Pro Tip: Focus on curb appeal—renovated exteriors sell fast in this area.5.

We find 2 bedroom units and smaller attract travel nurses, while 3 bedroom or larger attract the types of guests Patricia mentioned above.

I think that the tax perks from having a rental make this more attractive than it might initially seem, but I have only done some quick internet searches, so I could very well be overestimating the upside and underestimating the downside??

Then of course, you are also hoping for appreciation.While it is attractive to not have to worry about cap-ex for a few years, many maintenance issues are usualy tenant-caused, so there may still be ongoing issues & expenses needing attention.Another option may be to buy an existing cheaper property, that's still in overall good shape.

Alternatively, consider a cash-out refinance to access equity without triggering capital gains or explore a 1031 exchange to defer taxes by purchasing another investment property.This post does not create a CPA-Client relationship.

The strategy involves using the HELOC for a flip to generate fast cash, reinvesting profits into long-term rentals, or exploring alternative ventures like short-term rentals or partnerships.

Alternatively, transferring the property to a revocable trust provides income for your parents, avoids probate, and keeps you as a beneficiary, but it doesn’t allow for a 1031 exchange and could trigger gift tax.Focus on aligning the structure with your goals, whether for immediate reinvestment or estate planning, and ensure compliance with Connecticut laws.This post does not create a CPA-Client relationship.