I wouldn't be concerned with the legislation surrounding STR's at this time

I think that it is a good long term investment with some serious upside, but don't kid yourself - your car (or your tenant's car) will likely get broken into at some point.

We'll see how this goes.

We had a property with this type of sewer and replaced it with PVC, a much improved product. 

You've done well with your Class A rental, generating $500/mo in cash flow, this adds up over time.

@Mark Towey I don't "farm" areas personally, it doesn't really fit the niche I'm personally going after, but what I have heard from some major agents in my market lately is that farming is not near as productive as it used to. 

You are deciding between buying a multifamily or a large home and renting rooms and asked the pros and cons of buying a large home and renting rooms.The first thing you want to consider is zoning and how the local government regulates rentals.Some communities limit the number of unrelated people who can rent in a property.Once you confirm how many people can rent in a property you want to have a local title company look at the deed and covenants that may limit the number of unrelated people who can live in a property as well.The pros are a property may check out that you can rent to a reasonable number of people in the property and the cost of the big house may be less than a multifamily offering a greater ROI and you are using the property for its highest and best use adding value to the community with affordable housing.To Your Success!

In fact they are probably using more labor hours.

You will get some of these as well (This inquiry was for one of my 1500 SF 2 Bed + home office units)..... but by no means does this investment strategy warrant paying for a course.

Thank you for your response, I'll definitely look into that