If you have a unique amenity on the property, you can rent the space out the hour for for events, meetings and productions. 

I like the area, it has a unique small beach town vibe with lots of shops.

Ultimately, it will be important to keep detailed records of the time you spend on various tasks and activities in order to accurately demonstrate that you are spending at least 51% of your time on real estate activities. 

I recommend that you dedicate an hour or two to this task.

Sarah - You made a prior post about wanting to house-hack in NJ.There are unique tax laws when it comes to house-hacking as you purchased a personal residence and an investment property.When choosing an accountant, make sure they are familiar with NJ State taxation as it is one of the more complex ones in the nation.

Also, collaborating with agents who are also investors provides valuable insights and a unique advantage in navigating real estate transactions. 

Increasing my income and reducing my expenses for 2 years’ time proved to be a massive catalyst for growth as I had cash on hand to deploy into more projects.Improve OperationsStandardize your processes for tasks like screening tenants, executing leases, collecting payments as you scale.

The juice may not be worth the squeeze on this one but I am trying to figure out a unique way I could make it work.

Do you have unique ways of analyzing potential renters.

Full on student housing is definitely a unique model/approach.