Hey Garrett, I have experience in the northwest suburbs and I would be careful which neighborhood you invest in because other than cashflow the most important thing is ROI.

Class C is already cheaper and can cut pricing even more.

I would be beyond humiliated to come to the office that many times in a row, not caring about bothering someone or stopping them from what they are doing to have them walk their fat pregnant butt to their home to let them in all because they dont care about anyones time but their own!

If the underwriting goes smooth and I can have the cash on hand at closing, then maybe the owner wouldn’t care how the cash offer is funded. 

We take care of our team.

But for judgements liens and all that who cares they are snuffed out at the sale.

Are you willing to cut your nightly rate aggressively to drive occupancy rate? 

Unfortunately, Texas has a law prohibiting HELOCs on rental properties and I believe they also have a 70-75% max total loans allowed on the property which cuts into the equity I've built and would only allow for me to access 30K which would make it less appealing to go through the process for only 30K.

If any place has HOA/POA I would be very careful with those restrictions and talk to plenty of people including every board member before buying about their views on STR. 

Otherwise contract a service for the season that will automatically take care of for every snowfall.4) YES you need to heat them!