Christmas is still open as well.We don't get a ton of bookings in the winter other than the holidays and even then not every year.

Monthly expenses will include mortgage payments, property taxes, insurance, utilities (if applicable), maintenance, and reserves for repairs.You’ll need at least 3.5% for an FHA loan or 20% for a conventional loan, plus cash reserves.

@Jay Hinrichs is correct.However, the following seasoning periods are what I am working with on the DSCR programs that I utilize for my clients.

These companies and their leadership/owners don't care about anonymity because they understand how to properly operate their business i.e. avoid negligent activity while utilizing contract management systems ensuring all vendors are vetted with appropriate licensing and insurance and contracts with  indemnification are in place.

What do you think about refinancing FHA loan into conventional in order to utilize FHA loan again or does there have to be waiting period?

Deductible expenses include a proportional share of mortgage interest, property taxes, insurance, utilities, and repairs.

Chicago cap rates are lower then interest rates so what I see clients do is rehab to add a ton of equity/boost rents and then either just hold it or do a partial cash out to get back 1/3 or 1/2 the money in the deal which gives you a higher COC.

But in terms of being able to grow a portfolio with a ton of equity and solid cash flow, being a builder in this area really works.I think the STR part of it also helps as well.

Then again, I am that rookie investor that has a TON of questions all the time.

Some wholesalers utilize this strategy because the buyer does not see your wholesale fee.