Unfortunately most CPA's have not lived through more realistic income tax bracket environments such as the 50s 60’s 70s and 80s……so what I’m saying here is not something that most investors, business-owners, high net worth families, or REI investors are thinking about.

My hunch is that more often than not, saving money and getting your ship in order to qualify for an FHA loan is the best and most realistic ladder to homeownership for the vast majority of people.     

I would not accept less than GROSS monthly income 3x rent because realistically they are not likely to keep up with paying rent.

Run realistic numbers and be prepared for the worst.

Successful people buy quality property in good locations, have a long-term perspective, adequate reserves, realistic expectations, and a great team to manage the property.

The marketer (guru) severely understates the amount of capital, time, and knowledge needed to produce successful results.And the above mentioned are the BEST case; not even mentioning the guru strategies that are fraudulent, illegal, unethical, and plain not realistically achievable.  

Nothing an investor wants to read but I've always felt that being optimistically realistic is better than being silent. 

@Kyle Carter  We love renting to Section 8, however depending on the size of the property you may not be able to realistically rent to 100% section 8.

Realistically, there should be no benefit, and there are probably some disadvantages, of doing what you propose.

On the other hand, STR is a lot of work and with 3 kids you have to be realistic about how much time it will take to run and manage a 1 room hotel.