Obviously, your son's preferences play a huge role in what he will enjoy/be drawn to study. 

Another play I did is a multifamily unit with investors.

@Hayden ThomasAs mentioned there are a lot of factors that come into play in this which will not be able to be answered on BiggerPockets - best to get your attorney to review and advise

I just use the comps but market activity also plays a factor.

I was just mentioning that’s what it could be brought up too but I wanted to play around with the numbers to see if there was a different number so I didn’t need to pay the utilities.

talk with a good eviction service or attorney.not the first yahoo's who have tried this play.

Higher end home buyers are usually more rate and market sensitive.I see you're down in Texas, so if that is your market, weather plays less of a factor consideration as it does for us up north (no one likes to move in the winter unless they have to and things slow down considerably).  

Also, It is an older home so lead-based paint may come into play during a potential demo vrs a kilz paint over. 

I am most interested in STR as I love the idea of active management and playing the hospitality game.

We have a one year old daughter who keeps us busy and we love playing sports and spending time outdoors with our free time.