By the end of 2 years, I could save 50-60k for a down payment, closing costs, and reserves. 

My first STR, and plan on splitting between self use and renting to help offset costs. 

Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?

It doesn’t cost you anything and gives the tenant time to rearrange their entire life around your decision. 

The real prohibitive costs come from the legal, compliance, and reporting requirements of registering a security.

The cost is the same for a roof on a house that rents for $800 per month is the same as on that rents for $1800. 

Which size of home is typically perform best on a cost benefit analysis?

However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.

Also, how do you balance cost-effectiveness with providing a high-end feel?

I paid it off within the year, so it cost me no interest.