So you can't put the properties into an LLC and benefit from owner occupied financing.

I would then adjust down the original MTR rental estimate based on those findings.

It's an active business, not passive so I believe that requires continually evaluating the property, adjustments to decor, etc may be needed as well to make sure I'm fully optimizing the property.I have a lot of home renovation experience from my own personal home and my LTR's already so I'm very used to this kind of work.

If it's used to promote an agenda or to scare you into doing something, then I take it very cautiously (like the jobs numbers, that were adjusted 340% retroactively...do you still place value on that reporting, after repeated significant adjustments?). 

Could be something that could really benefit other investors to understand better from a first hand perspective.   

This can be a game-changer, especially in neighborhoods like the South Loop or near revitalizing areas like Pilsen, where property values are expected to rise.Improvement Exchanges: Recent IRS rulings allow you to use exchange proceeds to make improvements on a replacement property while still qualifying for 1031 deferral benefits.

@Yonah Weiss what do you mean when you say “ tax benefits are gone”.

The column titled "m_nights_altered" in the Airbnb booking sheet typically indicates adjustments made to the original reservation.

Again, there is a value that should possibly be compensated if their names are not going on the mortgage but they are splitting ownership and other benefits (IMHO).There are probably a number of other easily overlooked items to consider.  

They do hundreds of transactions a month and can guide you better than most attorneys when it comes to title issues.They use a complicated form that creates extra work and confusion with no benefit to the buyer or the seller.