As far as STR goes, you can house hack the property that you first buy (in a single family home or in your unit of a multifamily property) and potentially do short term rentals in all of the other units or in your exiting property.STR as a way to invest is getting more challenging currently as supply of new STR inventory has been outpacing the demand for STRs.

If you where going to be able to recreate the orginal layout, you would of been able to do so by the clues left behind by remaining framing, be it the "honey" holes where the toliets once where, the sizes of the holes in the joist would indicate what pipes ran where be it hot and cold supply, toliets, showers and other industry standard tell tale clues. 

Those funds are valid if you supply the note and mortgage/D.O.T. 

@Philip Hong I love this product type, it's in short supply nationwide.

This marks Bascom’s sixth acquisition in 2024, further solidifying its strategy of investing in high-demand markets.Despite a challenging market with high interest rates, Bakersfield’s strong multifamily fundamentals, including population growth and limited housing supply, have made it a prime investment location.

I mainly deal with short-term rentals, requiring constant turnover and restocking supplies.

For years, there have been claims that short-term rentals take away housing supply from renters and homebuyers and, as a result, inflate rents and home prices in nearby areas.

Also if he is just taking PITI into the equation, he is missing/withholding info about utility costs, stocking/supply costs, cleaning costs, etc. 

Also, tenants will often times already have their own washer & dryer units and would rather use those instead of owner supplied W&D. 

It is still a very tight market here with limited supply.