If you were to partner with another more experienced investor to purchase a short term rental, do a cost segregation, and "materially participate" then you could gain the benefits you are looking for without negatively cash flowing, and you could work out a deal where you maybe only have to materially participate for the first year to claim your tax benefits and then you can act as a more passive investor.

Ok, so don't mind me - I dropped your whole write up into Chat, and this is what it came back with for me:Let’s dive into the numbers together and see what we can work out about this owner financing deal you’re considering.First off, the idea of selling the house at $315,000 when its market value is around $260,000 definitely swings in your favor financially.

They prioritize properties with versatile layouts and multifunctional spaces that can adapt to their evolving needs, whether it's a home office, workout area, or entertainment space.

@Andrew Lopez, in MANY cases for the numbers on a BRRRR deal to work out the property needs to be very distressed and often not eligible for a traditional loan for the initial purchase.

Maybe you can work out a deal with him to get out of the lease if you advertise the property and find a tenant for him.Also if you have roommates and you buy a single family house, take them with you.

Numbers still have potential to work out very well

So tenants that don';t work out can be stuck in a room for 2 months while the slow eviction process works through.   

It's a great starter property, so you can work out the kinks, figure out management, and build out your team.

If she just moved in, I'd tell her clearly this isn't going to work out (you can mention quiet enjoyment and her being loud at 2 am, but I'd leave other parts suck as her choice for lifestyle out of it-ie having 3 different guys spend the night) and remind her of the lease.

it was a lot of work and was done shortly before Covid   If you do more then you can save even more   If hiring all work out, you will over run that budget   Good luck