Purchase price: $223,000 Cash invested: $20,000Bought 3 bed/2.5 bath for $223k with $20k down, put $12k into cosmetic upgrades and added a lot of sweat equity.

@Jacob Kovacevich I know all the rage is small multi family, but have you considered house hacking a 4+ bed single family by getting roommates?

These are basically 2beds 1 bath or 3 beds 1 bath.  

In one case yhe host asked if I minded making the bed because she got tied up at work.

A 4+ bed house hack would be best option.

I'm in Austin, and been considering renting out a spare bed in my primary residence.wondering if I should consider this trend / news a net positive or negative (possibly better market for "type 1" STR, but increased regulatory burden across the board)

Westland MI fixer upper 3 Bed 1 bath.

There aren't enough buyers to drive the price up and rents can only be so low, so you can buy $90k houses and have $975 in rent (3 bed / 1 bath type houses).

Her house is a single-family home, 5 bed 2.5 baths in a nice neighborhood.

The result was an (admittedly well constructed) 9 bedroom house with a MASSIVE amount of living space for each 3 bed 1 bath unit.