Instead of fixating on a strict 1%, 2%, or 0.7% rule, think of it as a flexible guideline that needs to adapt to the market and specific property characteristics.

Are you investing strictly for tax purposes?

I’m continuing to put out plenty of offers on various properties and exploring different approaches to see what gains traction.For this one, I’m considering proposing a rent-to-own/deal finance contract with strict contingencies—something like requiring monthly photo proof of bank loan payment, with the understanding that failure to comply would result in a loss of equity of the seller.

Yes, Chicago has strict regulations for short-term rentals, including mandatory registration and zoning restrictions.

However, strict compliance with IRS rules is essential to avoid penalties and preserve the tax advantages.Best of luck with your investment!

Strictly speaking from a financial point of view multi family's almost always make more sense unless your walking into some equity in a single family.

Had strict timeline for delivery, they failed that too.

Do you increase the rent by strictly calculating the increases in your insurance, taxes and etc ?

Putting new houses in the locations that I have will most likely never happen because of strict zoning laws.I see my only competitors as nearby landlords.

These types of lenders often have more flexible criteria and can help with refi for rental properties without all the strict conventional guidelines.