Takes 3 trips regardless of size of room.

The one time I left the water in my name, I ended up with a water bill over 5 grand.

The riches are in the niches, and within each one of your goals there are niches upon niches (let's not forget the large, pink Jamaican elephant in the room!)

You don't just measure the rooms and add them up. 

I bought a house when I was 23 and ended up "househacking" it with roommates (back then we just called it renting out a room) and then after moving out of state I just kind of fell into renting it out.  

So thank you @Brandon Turner @Ben Leybovich @Michael Blank and others for your great insight.I did what I was told and established a relationship with a commercial broker who in turn sent me an off market listing that I believe is a great value add property.This is a 8 unit MFR in an "A CLASS" neighborhood located in Bklyn NY within 2-10min walking distance to any and all amenities, (Barclay's Center, Malls, Shopping center, Banks, Restaurants, Museum, Parks etc.)All 8 units are 4 rooms (2bedrooms) including 1 duplex apt.....  5 units are rent stabilized and 3 units are free market including Duplex, all of which are receiving way less than market rents.Typical Market rents for 2 bedrooms in this area are 3k+/mth, also the typical vacancy rates for this area are @ 2%-3.5% (Bklyn market analysis). 

I make a good wage but have little room for advancement.

I believe your answer could be found on the California Department of Consumer Affairs website: http://www.dca.ca.gov/publications/landlordbook/wh...After reading it looks like you would have to pay an occupancy tax to the state, and provide room service, maid service, etc to treat it like a hotel and kick them out immediately.

There may also be enough loan money left over to also pay for housing or to rent a room.  

Thank you very much Account Closed I'm happy to know that there may be some wiggle room.