Anyone have some first hand experience with RADD/REIT that Dutch Mendenhall runs.

Recently I’ve been living next to an illegal and poorly run STR operation and I can now better empathize with folks who strongly oppose them.

I run the project.

While I was running my inspection business, trying to build a real estate business, and taking care of 4 rentals with family, I was also going to night school to get a degree in MIS.

My husband and I run a MTR in Lincoln Park that was previously renting as a LTR.

If you have barely spent time researching and running #'s you should not buy anything.  

I can help would love to run you a quote and see what we can do.

They originally wanted 360k, but the mortgage would have the property running negative for the foreseeable future until all renovations are done, which I won't do. 

Seems a bit high on the exp ratio near 43% but we do pay a premium for our solid cleaning lady, she also stocks supplies, runs errands and other duties for no "extra" charge.

The reason I post this here is because I got totally different answers from two CPAsHere is the story:I bought the house as investment property and run it as STR for the last two years.