One of the key challenges I’m facing is understanding the financing options available to someone without Canadian residency or a local credit history.From my research, it seems that a 35% down payment is often required, with interest rates around 7.5-8.5% for non-residents.

@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?

I’m also an active member of the local landlord association in Joliet (JRLA), which has been a great resource for networking and education.

To get started, connect with a knowledgeable real estate agent and lender, practice analyzing deals, and network through local investor meetups.

Locally my observation is that the need is more for low income young and working vs college student.

Hi Adrian-Through local networking events, deals I have been a part of and needed to bring in contractors, and asking for referrals from other active investors and investor friendly Realtors.To your success!

Nashville, Dallas, etc etc)Yeah, I know states like Florida and Arizona have prohibited local municipalities from restricting non-owner occupied STRs.

@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.

I'm not too familiar with the markets yet but research I've done suggests that the towns of New Britain, New Haven and Hartford all have a good mix of inventory and low prices coupled with plenty of amenities, night life, cafes, etc and local colleges to bring younger people to the area year after year.

I would recommend searching for local Facebook groups to find events to attend.