Personally it wouldn't get me too excited but again, thats just because of my investment objectives and risk tolerances. 

Then you can do working interest if you can afford to acquire one(way higher, think $10MM++), huge tax deductions there too.This objective of you seems like a CPA told you to go buy a STR to off-set taxes.

 Is any kind of loan objection dealine or clause in the contract? 

I am devouring podcasts, making contacts and trying very hard to ignore any shiny objects that distract me from my strategy.

Physical objects in a digital world also give a sense of value.

Therefore, exploring alternative properties might be a prudent move, as it could lead to options that better align with your investment objectives and budgetary limitations.Consulting with a financial advisor or a real estate investment consultant can provide you with tailored advice, considering your financial situation, investment goals, and nuances of the local real estate market.

It totally gave me the confidence to run the numbers and buy my first building for slightly over the asking price (over the wife's objections).

It's long but worth the knowledge so we can make objective decisions and not emotional ones.Understanding the Real Drivers of House Affordability by Oxford Economics

Depends on what your objectives are. 

The objective is to spend a limited amount of funds making the unit better than 80-90% in the neighborhood.