I own and operate a property management firm in Chicago. 

Avoid the c/d neighborhoods, they are trash and difficult to efficiently operate in.  

Otherwise you can break the limited liability benefit (if operating as a LLE).

I own and operate around 300 doors. https://docs.google.com/document/d/13SEAyhH7We1kjI8DlDVfxERP...

Utility bills and maintenance records will give insight into operational costs.

Most of the crowdfunding platform operate like Craigslist ads and simply connect investors to third party sponsors.

It works like this:(1) Save up enough money for a down payment(2) Buy a single family home that you will Airbnb/VRBO(3) Ensure the “average period of customer use” is <=7 days(4) Materially participate (5) Cost segregate the property, resulting in large depreciation deductions(6) Use the losses from step 5 to offset your W2 incomeWhat makes this possible is that operating an STR is considered “non-passive.”

Requiring a real estate broker/salesman's license to operate as a wholesaler and, or 2.

Hey @Mo Karim, I've had a very positive experience operating a MTR in Dallas.

Has anyone been in a situation where they acquired a condo and operated it as an STR when the HOA did not make the exclusion in their CC&Rs, but then faced resistance from the HOA?