.: Quote from @Greg Parker: Just work it out with multi-member LLC's. 

You can find good multi-family that cashflow under $200k for sure.

I have property in Kansas and Massachusetts and have a Kansas realtor’s license.I’ve always been into single-families but now considering small multi-family.

Once you have a short list, get an account with each one and run them through the wringer to see how they really function.

But with this being a 5 unit multi-family building most lenders do not offer a loan product that will take the STR revenue into account. 

We have done this for over a year now and this strategy has gone really well.We are very experienced in the STR space and understand that getting bookings is multi-faceted (ie. listing photos, reviews, amenities, PRICING, description, seasonality, etc).

You can have some student housing, regular long-term rentals, and even some STRs if you choose.

@John McKeeI think it's a function of the market cycle.

Also, cost segregations are usually done on multi-million dollar assets not single-family homes.

I choose to just for the tax benefits.