We are concerned that the smoking/smell will turn off prospects as well as the extra cost of cleaning up areas after smokers move out.The building is in Illinois. 

Quote from @Drago Stanimirovic: Hi Austin,As a new landlord exploring self-management, your concern about obtaining signed authorizations for verifying applicant information without a physical signature is valid.

I am concerned that I will lose my money.

Hey Beck, I am glad you reached out with your concerns here on the communityThe reality of our market is exactly what you are experiencing.

Arlington managed to defend its STR regulations in court by carefully gathering concrete data and framing its regulations around public safety concerns.

Your agent is NOT doing this for you and is only concerned about making their commission, no matter how many cookies they send you or white their teeth are.Cash flow - you are not guaranteed cash flow.

No fear here so no need for concern.  

No one was very concerned.

(List price is $619K)-- We are concerned about the monthly costs to support a hard money loan AND do a HELOC.-- Our current rental can support a higher mortgage payment (with the HELOC), and still have $200+ positive cash flow after the refi.b.

I’m actually more concerned, and my original reference (which I did NOT, unfortunately make clear) was to short to medium term price declines in any market, such as 2008 - 2012, etc.