Chicago, with its vibrant neighborhoods and strong rental market, is a prime location for this strategy.

Unless you make the theme of the house around that famous person, I dont think consumers will pay a market premium on ADR to stay. 

As you're just starting out in Austin, focus on learning the local market, particularly areas with good rental demand and lower entry prices.

You really can't get a better snapshot of the Cleveland investment market right now. 

What does it look like cash on cash return for market rent? 

Perform due diligence by reviewing the financials, market trends, and property condition.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

You can ask your CPA on the cost segregation short term rental loophole.If your partners credit is bad but you have cash, you can just cosign for the loan or go DSCR/hard money.Dayton is a solid market for BRRRR investing.

I come from Europe too, and I know it can be overwhelming when you look at the real estate market in a new country and with completely different building technics ( sticks instead of bricks), but is not as bad when you have the right team in place. 

Most lenders in this market are less likely to issue a loan that you will default on.