STR questions on getting started

[Shawn Alexander]

Hi all!

I have 1 SF home near chicago IL and have been saving up for a possible MF unit and considering a STR (condo/house).

I have a few questions. Does anyone have any suggestions on different sites or ways to determine best CoC return on STR's. I've looked into Airdna a little bit and I think I got some good info from there. I've looked into doing a secondary home mortgage and curious if people have utilitzed that in their STR's. Lastely does anyone have a preference on condo's vs SF homes?

Thanks!

[John Underwood]

Use a spreadsheet and look at the competition to get the best analysis possible.

Ditto on the house over a condo.