The same can be said for the single large STR or two smaller ones.3: Economies of scale also work out for your guests.

If so I'd love to hear your story; like how you did it-or if it didn't work out I'd love to hear why. 

My workouts often include deadlifting, and I am concerned about noise for the 1st floor tenant from dropping weights.My second concern is the flooring.

It will also help you work out the kinks in your systems. 

Additionally many property managers self perform routine maintenance and repairs and see further incentive to do the work.  

Having been involved with them my whole life, I am fully dissuaded from ever LIVING in one again, but as I work out my own business plan, I see potential if you can find a way to invest them legally. 

I workout in the North Loop and most of the members live in condos or apartments in the area. 

However, it might take you 10 years to find 10 properties that work out as well as the scenario you described above.Its just a matter of preference.

I have paid off that student loan (it was small), and I called the loan company before doing so to see if I could work out a way for them to remove it to no avail.

which would mean a lower monthly mortgage payment.All in all, I'm still not seeing it actually work out.