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. 

The early portion of my career was buying turnkey rentals, like the one you described. 

What type of properties are you looking to buy?

Where in PA is the small piece of property you're looking to buy? 

This acronym stands for Buy, Rehab, Rent, Refinance, and Repeat.

I personally like the buy-and-hold strategy and we help clients who share this long-term, wealth building mindset. 

I use Eric Kloth out of Redding and he is stuck with us for this and our future home buying needs. 

Would also love to connect with experienced Cleveland rental investors.Much Thanks Cleveland is one of the few markets in the USA where buying stuff with the 2% rule is still feasible in 2023.

So if 3 siblings all buy a house together and all live in it when they sell up to $750k can be excluded.If married only one person needs to meet the ownership requirement-but both must meet the use requirement. 

So, I kept going back and buying things for my girlfriend until he sold it to me.