Now you see how expensive dining and living rooms are that could be converted. 

Hi Anthony, it sounds like you’re in a good position to start building your STR portfolio, especially with no debt, great credit, and rent-free living!

FHA 203k wont work unless youre going to live in the property as your primary.

It very well could become a large enough investment to be worthwhile, also solving for "unexpected emergencies ", for the most part and would an easy self management situation if you were to live onsite in one of your connected townhomes.

I have multiple listings across different parts of Florida and I don't even live in FL.

If you go into Central or South Scottsdale (Old Town) $1M will buy you a smaller, older home, OR half of a big, remodeled home (as alot of the Arcadia and Old Town area are turning over old small homes to be big beautiful homes in the $2.5M range and higher).There are options.....for both buying and renting, that would work with your situation.By the way....it's 51 degrees in North Scottsdale right now where I live. 

I also suspect inflation will drive continued migration to lower cost of living / lower tax states.  

U live a lifestyle not a job huge difference..

I also pay my mortgage for the house I live in.

You have multiple people living in each others spaces.