If you really care about the environment and take pride of making your own electricity then go for it!

I am entering a new stage in my life, but as a young graduate, am extremely determined to save money for myself in this extremely costly environment that has developed over the past several years.

Agree with the others to look at the regulations and the numbers for both scenarios. 

Keep milking it as long as you stay of the radar with the airbnb vs rules regulations of the county and condo association.

These loans were taken at a 4-6% rate and underwritten to be sold at a sub 5% cap rate environment.

Usually at year 11-12.This is where when leverage is utilized property, in a low-interest rate environment, I can pay off one 30YRFRM loan in less than 10 years without doing anything because I have one primary and one rental that appreciates at the same rate.

If I can get either a ready to build lot or small place with land at a good price, with fairly low regulation zoning requirements, there should be a healthy profit margin at 3-4 STRs...

Know the regulations of the area (for example are STRs allowed etc).

Might get undercut in  this rate environment. 

They also have the right to screen potential tenants and establish their own rules and regulations, such as pet policies and late fees.