The idea here being you buy a 3-4 bedroom house near your practice facilities--and renting the extra rooms to your teammates. 

You didn't say anything about whether the lease or local laws actaully allow you to do this. 

If it is unclear as to whether you have met the standards of the Illinois Code, it is recommended you speak with an attorney for an explanation of Landlord/Tenant Law.

The reasoning from 2 was COVID and another said they changed the laws response to 2008. 

To plan investment and future rental goals in Albany, research market trends, explore financing options, understand landlord-tenant laws, manage property early, budget for maintenance, and connect with local investors.

To give you something as a reference based on your budget (30-40% down with $1.8M), the general cap rates you will see in the Bay Area are roughly 3-5% https://www.loopnet.com/Listing/1047-Rich-Ave-Mountain-View-...https://www.loopnet.com/Listing/1180-Saranap-Ave-Walnut-Cree...You will find higher cap rates and more 20+ units buildings in SF, Oakland, and Richmond, but keep in mind of their stringent tenant laws. 

It is just laughable when places have regulations like a homeowner can only have a certain number of STR listings by the law but these big name companies suddenly start with 20 units in the first month.

And in the modern era, real estate and stocks returned practically the same amount (within 1%).

Sure, buyer beware (I'll never buy a home sight unseen again), but terrible deceptive business practices and I can’t get the rent they estimated for this unit with it being only a 1 bedroom without a shower.After the sale, Ready REI was very slow on getting quotes and the few minor repairs done that we had agreed to.

The problem with that is this:- It just doesn't make economical or practical sense for the newest housing to be the cheapest.