It just depends on what you're comfortable allowing.

Challenge: 1 tenant makes enough $ to comfortably afford the rent on their own.

A word of warning is every STR owner has a hard time relaxing when at their own place.

Are you comfortable investing out of state? 

Novice here, I've been looking into off-market deals but don't feel comfortable moving forward by myself.

If this family felt so comfortable in the house, I would expect they'd make an offer. 

The problem is that each individual is different in terms of how comfortable they feel with leverage.

My first goal in 2023 is to relax and enjoy our honeymoon vacation.

You can always experiment with what you may be comfortable with to see what works best.Like @Shawn Parsh said, if you have other people looking for the type of property you want to invest in, reward them for their effort.

I think our goal for now is in the $90-100k range to be in a comfortable, wiser decision making spot.Yes, we have an interest rate at 3.375% on our primary residence with about $140-$170k worth of equity (depending on what we could sell it for).