Mid-term is more likely to work in any market than STR, but I think you would be surprised at how well an STR could do if there are no other options like that in the area (think people's parents or friends coming in for the week(end)).I've seen a lot of people grimacing at the net-negative house hack (it's just a product of rates and low inventory in a lot of markets) and this is one option to try to recoup some of that loss.

I was further thinking of using 2-person LLCs (my wife and me), due to the greater liability protection they afford over 1 person LLCs. 

You all not be able to raise rents 50%, the renter in place will not be able to afford it.

For sure get an investment property first which is affordable (out of state), then later, buying your primary home will be even easier with lenders.

JUST HERE TO GIVE A QUICK RECAP OF MY 2024 SO I CAN SOMEDAY LOOK BACK AND LAUGH HOW THIS YEAR WAS A NIGHTMARE AND PRODUCTIVE ALL IN ONE LOL FUNNY ENOUGH THE YEAR STARTED ON A GREAT NOTE I WAS ABLE TO GET INTO MY FIRST FIX & FLIP  DEAL  WITH MY WIFE!!

I like big TVs because they almost require 0 maintenance and are pretty affordable 

If I were you I would house hack in RI, specifically in Providence in as good an area as you can afford. 

I think we all know about the importance of black out curtains and a comfortable bed and linens, but after buying the wrong product, I have learned how important a good vacuum is to many travelers.

Tell him he clearly can't afford the rent and things won't get better.

I just joined GAREIA and have been attending via zoom but I want to go in person so I am able to meet other people that are actually investing in my area -Meet with lenders some I can become more familiar about the financing and different products that are available to acquire rental properties If I could design a this is how to get your property this year, what you said you are going to do is basically it so great job.