We are renting out by the room and living in the master.

The lovely master has doors to the outside and an en suite!

I just finished my undergrad and considering a master's in real estate while still utilizing tuition assistance to cover much (or close to all depending on the school) of the associated costs.

Quote from @Nicole Masters: We bought a Yucca Valley STR 1 year ago and have been successfully getting mid term bookings, though that wasn't our initial intention.

Instead, I focus on sub-to purchases, wrap around notes/mortgages, master leases, options, lease/options, participating notes with financial friends to fund rehabs, land contracts, installment sales, or using private capital partners.

Added additional master bath.

This home had a water heater upstairs over the master bed and there was previous water damage to the ceiling and walls that required repair.

Cost of repairs need to go to the signer of the master lease. 

At the shower in our master bath, takes 15 seconds to start getting hot.

I'm looking to expand the kitchen and add a master bathroom, putting it at around 1100 sq ft.