Did anyone see me there slanging my cameras and rocking my mohawk? 

Always consider the possible exit strategies before you buy a property--I try to avoid buying properties that only have only one exit strategy or one use, because that's too much risk for me. ...If you found yourself in over your head with the management of the STR (which is much more time intensive to manage than a LTR), or if the STR market stalls and you have too much vacancy, you could pull the rip cord and turn it into a LTR (which would lower your cashflow, but would also free up a lot of your time, and lower your exposure to the numerous risks of STRs)...but if your STR only works as a STR, then you could easily find yourself between a rock and a hard place...know your exit strategies, and have sufficiently safe exit strategies to protect yourself from worst-case scenarios before you buy a property.Having said all that, the househack/STR strategies I described above would usually be significantly riskier, and significantly more challenging that just buying a normal house and house hacking it...Consider these two scenarios:1.

. - It's big enough to have plenty of traffic but not so big that the competition is really fierce (yet)- Arizonas laws prohibit cities regulating STR (for now)- Property/rent costs are low enough even in popular str areas (near the University and downtown)But I imagine there are similar areas around the country (I know Tulsa is a VERY similar market to Tucson for example.

You'll have to work hard to find a deal or look in less-known, less-popular markets. 

I know my answers and thought process is not popular with most on this site.. and I am in the vast minority.. but that's the way I feel about it..

I just closed on a duplex last week that I found on the MLS in downtown Round Rock with FHA.

Adding windows and framing rooms/bedroom, flooring, adding doors and sheet-rocking the whole thing should not be terribly expensive. 

@Brandon McLendon Try Birmingham, Atlanta, Indianapolis, Kansas City, Memphis, Little Rock, Jacksonville, Ohio, or other secondary or tertiary markets.

In fact, I will have to spend part of your deposit to remove the rock and return the landscaping to its original condition.

v=9fi54S8nwUA&t=642sThis is the Ohio Division of Real Estate interview regarding wholesaling, be rock-solid sure that you aren't breaking the law.