The question is what kind of tenant's are attracted to your location?

Rents are super-high, so the chance to rent a private room for less than what your tenant would pay for their own studio or 1BR apartment would be attractive to potential tenants.However, you must figure out a way to qualify to rent the apartment yourself.  

Also these days I found "attractive investment" is almost always be found by very experienced sponsor that able to gain incredible financing or seller financing or continue assume the low interest rate from previous owner and so on.

Maybe the unfinished basement becomes a "wellness space" and you can attract yogis and hippie coaches and upsell for retreats. 

So I have to figure out how to attract them, and at the right price.

Additionally, these attract a lot of inexperienced buyers who started in the single family or four plex space who are trying to go bigger. 

Having immediate and constant control of property, plus value add is the most attractive part of REI. $300k in liquidity is certainly a good starting point.

(i.e. no market loss, has death benefit, attracted to access before age 59.5, etc..)

My last property, which should have been very attractive to voucher holders, had 100+ inquiries, 20+ applicants, and... 1 was a S8 voucher holder.I chose a cash paying tenant and she's amazing!

All three areas attract different types of guests and have difficulty amounts of inventory.