According to the City of Chicago tax code, it costs $5.25 per $500 of the transfer price.

@Caleb Johnson one of the reasons the City of Detroit is like the "wild west"!"

Certain areas of the city have outlawed airbnb but others allow it.

Conversely, the number of small-multi family properties being built is a tiny tiny fraction of the number built from the 1950s-1980s in cities like Phoenix and Mesa.

Call the town/city hall.

I also talked to the city.

I tried in my market which is the 2nd biggest to New York, so pricing for ads was really high and the return was not great.

I've rehabbed old downtown buildings in a nearby city to Milwaukee.I'll see how I can assist Stormi.

@Shaheen Ahmed you can find all the info you need online if you know where to look - except that the City of Detroit Assessor's Office is consistently undervaluing properties to keep property taxes attractive for investors - to keep improving the city:)Here's some copy & paste infor for Michigan Property Taxes that you might be able to use as a template for other areas - or you could start investing in Detroit:)----------------------------------------------------------------------------------------------------Michigan has some of the most complicated property taxes in the USA.

I am a seasoned investor in Kansas City and looking at MS for future opportunities.