Condo MTR in Chicago

[Matt Szablowski]

Hi, I’m a new RE investor in search of a home that I can rent out as a furnished MTR  month to month.
I would like to know if any property managers or experienced investors have recommendations on where I could find Condos with HOA that would allow month to month furnished rentals. Im aware that this is difficult to find but perhaps some neighborhoods have less strict HOA. My budget is about 400k so I don't think I'd be able buy a MFU or a house unless it's in need of a heavy rehab or is in a D class neighborhood.

I’m looking for a neighborhood that is C class or better and has a handful of hospitals nearby as my target tenants will be travel nurses. Thank you! 

[Jonathan Klemm]

@Michael K Gallagher you are da man!  Thank you for the tag sir.

Hey @Matt Szablowski - There is definitely a ton of options here in Chicago at your price point.  If you were looking to do Short Term Rental that would be a different story, but as long as the condo allows for normal long-term rentals then you should have no problem doing a mid-term rental.  Our team has a brokerage and happy to line you up with some places.....feel free to reach out.

My partner and I have a mid-term rental just south of the south loop and I am debating shifting my current STR into an MTR just because of the amount of work STRs are.