The entire model was interesting to me, so my wife and I did a test AirBnB listings with a private suite connected to our primary residence in 2021.The income per SF was incredible compared to single family residential rental that we had previously owned.

So I would flip even if the property is not going to produce the return you desire.  

This refers to the rental income produced by the property above the Principal, Interest, Taxes, and Insurance (PITI).If you are buying a 3-4 unit property, you will need to have additional funds to meet the reserve requirement, which is typically 3 months of PITI.

Jacob, TOP Mortgage Producer here.

For instance, maybe owning a property with world-class architecture inspires creativity, or succeeding at some really incredible investment contributes to an investor's self-actualization...

And then along pops up something like this, and I'm just looking at it and wondering how and why the world conspired to come up with an example of the wage-slave mindset that's just so incredibly spot on.

I own an STR in Salem Oregon that produced $75k this year while being active for 9 months.

This is true some times, but in some scenarios, brand new properties end up producing significantly MORE maintenance/repair headaches than older properties.The reasons are:1) Some building techniques/materials are far superior to those used in the past, but some are not, and some are unproven.

@Greg Junge I think just about everyone on here knows that real estate is likely to produce more cash than a 401k.

Mixed uses, renters commingling with estate owners and the busy middle class have produced neighborhoods that are a combo of pristine and flat out horrendous.