Also, many PadSplit properties have bedrooms that are created via flex walls that wouldn't meet the definition of a bedroom in an appraisal, so many PadSplit owners may think their property is worth a certain a mount based on a bed count that's not valid. 

Hey @Connor O'Brien - There is a list that CHA releases each year that states the maximum rent they will pay in certain chicago areas based on bed and bath counts. 

Combine that with insurance raising rates not just for dropping licensee count, but also to cover increased lawsuit risks.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

My question for the group is would my hours as a contractor also count twoards the needed 750 hours?

But if you’re just getting started and haven’t done any investing yet, those costs might not count as business deductions.Hope this clears things up!

Something tells me that the pendulum just flipped, and that just as all these guys who went all in and bragged about their unit count have all seemingly shut up and disappeared, that now is buy time.

That's right and wrong.There's a housing short, where it counts.

Invest all cash on 10x $100 000 properties (not counting closing cost) with a return of 10% / annually OR2.

Any profit you can make from STR will help with the mortgage, but it's a bad idea to count on the STR to make a certain amount of money if that's the only way you can afford the house.