@Hector Surratt Sosa This is a market that we are seeing increasing interest in here in 2025 as well.

You'll end up finding out if there is no motivation to sell at a certain price, then it is not worth consistently asking for the same price that the person said no to. 

Quote from @Brie Schmidt: Chicago just implemented the largest assault on property owner rights you have ever seen, if it’s not stopped, it could be implemented throughout Cook County and beyond.The ordinance does two things: creates an opportunity for tenants to purchase their building when it is up for sale (a right of first refusal) in some Northwest side neighborhoods, and increases demolition surcharges by 400% Here’s how the ordinance creates up to nine (9) months of delay in selling a building.

Short-Term Rental StrategiesLong-Term Rentals: Stability and SimplicityAdvantages: Long-term rentals provide consistent cash flow with less frequent turnover.

I'm estimating a cap rate of 7.0%-8.0%, and 5) (this isn't you, more the model itself) The future property value shouldn't be based an annual increase (3% in your version), but rather on an expected cap rate at exit.

This shift increases the landlord’s responsibilities.When four separate families live in a building, shared spaces like hallways, driveways, backyards, basements, and laundry areas start to feel less personal to tenants.

Money has to come from somewhere so where will it come from.issue will be if they increase sales tax it will be regressive tax as those who rent and don't own and have low wages will still pay more for everything.

I recommend you do this annually to adjust for utility increases and other variables.

I specialize in single family rental properties in the Huntsville area and this area has a proven track record of increasing home values.

Many desirable neighborhoods that offer a consistent predictable return on investment.