But they capped the number of STRs to 2% of the housing stock of each city council district.

I am very interested as I talked to our city council that this motel is ok to be converted into apartments since the housing in our town is scarce. 

@Gabriela Maradiaga Baltimore City has not gotten any better, water rates are going up another 30% in the next 3 years, population is going down, Crime rate is at an all time high, our last mayor is going to jail, city council is making laws that aren't very landlord friendly, property taxes are still high

The whole self directed IRA thing is just that "self directed", you are your only guidance and council on the investment.

The National Research Council of Canada has done a ton of research on the subject.https://primaryacoustics.com/i...If the project spend is over $50k it is probably worth hiring an acoustical consultant who can steer you clear of a lot of snake oil in the industry.

It seems like everyday one of the various councils or committees finds a creative way to add red tape to an already overly-bureaucratic process.

Why have six tenants when you can easily create a super-nice duplex building, condo it, sell the condos and move on to something that doesn't expose you to the risk of professional renters or the "democratic socialists" on the Chicago City Council?

I've been doing some research on the market and see that the City Council is looking at tightening the ST laws in the city. https://www.wavy.com/news/loca...Should I wait to see what happens before I make the plunge to buy another house to rent as ST?

No limit on the number of nights you can rent per year.There will be a cap on the number of investment STRs per council districts to 2% of the total housing stock in that district.Registration for licenses will go live May 1. 

City Council voted last night to ban them in all instances.