Please note, you can't do this with your non-IRA money, your businesses, trusts, children, grand children, spouse, parents, or grand parents.

Rent by the room is not for the faint of heart.

. :)I've got a SFH in Knoxville TN, and a room/bathroom (in my 2 bed 2 bath apartment) here in Chicago, both of which I keep as MTRs and self-manage.

Unable to estimate appreciation potential because it’s brand new and no room to add on or make improvements, but over time I do think some appreciation due to prime location.

The other thing to keep in mind is that you will have to keep a supply closer or room with your extra bedding and materials and a checklist for you cleaning person to run when they turn the unit, as well as a smooth process to screen, lease sign, and collect payment from the guest.

This will give you opportunity to see a very important side of the equation and probably get you in the same room with some well established investors that might be willing to help further your career. 

I recently found a house hacking opportunity that is a different approach than I'm used to.  The property has a resort feel and would be a great STR.  It's big enough that I could also add camping/RV/tiny home STR opt...

Have them apartment or trailer hack a room.  

I have 2 tickets and an upgraded room (honeymoon suite with access to private beach).

The mountains aren't going anywhere and this is still the busiest National Park in the Country (busier than Grand Canyon, Yellowstone, and Yosemite all 3 combined).