My goal is to make investors feel like they're a part of something bigger.

Another thing to consider is your goals for this first house hack and your living situation.

In 6 months they will be licking their wounds having given up on the system, now being that much further (by the amount spent, amount lost investing, wasted time, and emotional devastation) behind in realizing their goals and dreams 

With high price per door and high rates, you wont find any cash flow.STR market is also very saturated and we're seeing more regulation there.I'd keep the end goal bigger multifamily deals.

Depending on your goals, budget somewhere around $3k-$5k per room.

@Mitchell Catoe What is your goal?

However, due to rising insurance and tax costs, I'm starting to feel the financial pinch as the tenant currently pays rent 60% below the market average.My long-term goal is to acquire more properties, and I've considered doing a cash-out refinance to access equity for reinvestment.

I would rather you focus on finding a market that gives you the highest probability of achieving your goals. 

After a couple of years of treading the path to frugality to build this financial runway, I've networked with the greatest people who made this all happen, of course, it took the strength, determination, time, etc to place myself where I am today but, without the mentorship of my two great mentors whom I wish used BiggerPockets so I can mention, I don't believe I would have made it thus far relying on some whimsical dream that this will all pan out accordingly, thank you for everything Greg and Lashawn.In addition, I would like to thank Bigger Pockets for connecting me with the greatest realtor @Stephen Schmitt Who took my dreams and aspirations to the core when we first connected and spoke about my future goals to replace my W2 job for financial freedom. within three months of me deciding to pull the trigger and get pre-approved, we found this killer cash-cow that apprised over purchase price!!! 

Don’t hesitate to ask questions, share your goals, or contribute to discussions.