ONly money spent securing the house against waste.

You can charge more, the furniture is already there, and if the house is stunning then it could get attention.

@Jonathan Baptiste Have been house hacking before it was a thing, 29 years to be exact.

But it's playing with fire to buy there if STR is a priority as it's very likely they will eventually start enforcing it better.Yes I've seen this same thing in some of the markets we operate in.

Much like other markets in the Midwest, investors go to our market because of the low barrier to entry.

Ultimately you need to understand the underlying economics, psychographics and demographics of the market you are purchasing in to know if and how you can re-tenant the property.I'm a bigger fan of dollar generals or family dollars that are in multi tenant shopping centers. 

@Connor Meehancan you house hack instead?

@Frank Alfano agency debt is very competitive (75-80 ltv, non-recourse, fixed-rate etc); you can syndicate and raise the equity portion needed from friends and family, provided you can market and lead the project.

Rental market is pretty strong, there are a lot of good economic drivers.

Market being hot helped and no permits to deal.