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. 

@Keetaek Hong I have a lot of clients who are facing the same challenges but they understand the long game and that it's imperative to build a portfolio, With that lowered interest rate I mentioned you are looking at 30% down and including PM fees will typically have you around break even or barely positively cash flowing.

@Leon George there's a lot of good feedback from @Jonathan Greene!

I did this another time where I was only making $600/month profit with a lot of equity in a rental. 

I've managed a number of successful rehabs and put a lot of sweat into them as well.

A lot of people go in expecting these programs to completely change their lives. 

Quote from @Jaycee Greene: @Basit Siddiqi Just sent you a DMI read your message but I am not sure it is what I am looking for.It appears that are a mortgage broker and help investors get financing (correct me if I am wrong)I own a lot of properties free and clear. 

Originally posted by @Travis Hill:I am reading a lot about property classes and how, who, and where are they determined?

I've done a lot of research, looks like it should be possible.

There's a lot more but I thought I would share a few thoughts, in case you haven't had previous experiences investing with a lender.