I just thought of this amazing new flavor for ice cream, I call it Vanilla...Reason you don't hear anyone talking about this is because it is pretty much the most straight forward introductory path to rehabbing.As pointed out if you truly don't have any more money than fronting the $1,000 EMD then you might have trouble getting funding.  

You and your wife are the owners.As it goes and grows, consider sharing title with the cream of the crop as TIC or an entity like an LLC later, but have them start out as lenders.  

Otherwise we are doing lighter/cream/tan walls that match a warmer/darker colored floor.

Maybe faux exposed beams in the living room.Black one wall Nordic style kitchen with gold handles, stainless appliances all matching manufacturer.Wet Bar near the Grandparent chair in the living room, either cream or black to match kitchen.Running water, a bar sink and glassware like a bar has.

She might have a million followers today but the picture of a dog licking a ice cream cone could offend someone, now she down to a half a million followers and income is cut in half in the course of a day. today but post a picture of a

They are vanilla/cream in color and stand about 18 inch high.They heat up and you can touch them and they are very safe/tenant friendly!

@Andrew Freed For paints, sticking to neutral colors like beige, cream and gray would be best.

This brown paint was applied over a cream color paint with a gloss finish, and the brown paint does not adhere well to the cream. 

And Island Experiences like Trap to Table, hand-cranked Ice Cream Socials, Expert Talks, Baking with the Innkeeper, Sunrise Breakfast Hikes, Cribbage tournaments, and more.  

STRs that are not the absolute peak performers are already having issues with vacancy, and AirBnB recently changed their platform so that only the absolute cream of the crop units (five star resort-level luxury units with thousands of perfect guest ratings) are getting promoted.In a nutshell, STRs are a lot more work, require a lot more expertise, and are a lot less reliable/secure than traditional long term rentals (all other things being equal).Plus, house hacking a long term rental will give you invaluable experience in how to analyze, acquire, and a manage a property that you can then apply to doing a STR in the future (if you decide you want to go that route).Start with the strategy that is the easiest, simplest, and most likely to succeed (house hacking), and then gradually build up to more advanced strategies (like STRs, BRRR's, etc.) as you gain experience.Good luck out there!