Bigger Assignment FeesInstead of selling to investors looking for steep discounts, I market to end buyers willing to pay market price.

Hey @Mike Nelson, never assume anything about STR rules and regs.Here is the STR rules for Oak Park - https://codelibrary.amlegal.com/codes/oakparkil/latest/oakpa...I would call the city and make sure it is legal for a specific property.Now regarding the famous person angle, sure it can add value to the property or as a STR, but for STR use, I would think you would need it to be in original condition with a lot of the furniture and knick-knacks that were owned by the famous person along with a bunch of photos etc featuring the famous person.If you buy a place that has been totally redone but was owned by someone famous but has no features or things that were theirs, then I don't see it being a draw. 

Excited to hear more about your projects and experiences.What markets are you focusing on for your flips and buy-and-holds?

easy to build, rent, refinance repeat. might not be your market. look at the underwriting model. we underwrite every deal not only with fresh comparable but market economics change. land costs go up or down, construction costs go up or down, design modifications improve the property, comp sets can get more favorable or less favorable.

If, through the process of renovating the property, the market shifts, do you have an alternate plan for the property, whether it be to live in it until the market improves, or convert it to a rental property, etc. 

You can add them but If you just go with what is active on furnished finder you will be right in the market range for the monthly rent and should cover the utilities + some.

The asking price was fair based on the local market.

I'm looking at a property in a small town, that is a good recreational/STR market, but there are very few comparable home sales to base an ARV on. 

We searched exclusively for rural properties with "outbuildings" or guest houses, found the niche in our area(the Amish attraction) and marketed our Airbnb to this end.How did you finance this deal?

We're an appreciation market, not as much of a cash flow market here, unless you're putting a large down payment or actively managing STR's.Buying out-of-state can get you more cash flow, but the tradeoff is less appreciation (usually), and cash flow can be eaten up by maintenance and expenses.