They must satisfy "material participation" test for their STRs to utilize the strategy.

It’s a great way to add value to a property without putting a ton of money upfront, and it can set you up for financial success in the long run.Has anyone else done a similar renovation project or used a gift of equity in their deals?

There are a ton of great meetups here in Chicago.

There is nothing more annoying that paying $1200 just to hear a sales pitch and be told that the only thing that will allow you to be successful is to sink a ton of cash into the advanced training. 

Whether it's optimizing listings on OTAs, leveraging social media, running targeted ads, or using dynamic pricing tools—I'd love to hear what’s working for you.Some strategies I’ve been exploring include: Enhancing property listings with professional experience photography and compelling descriptions, leveraging Instagram and Facebook ads to attract more direct bookings, and utilizing email marketing to engage past guests.What’s been a game-changer for your vacation rental business?

Hard money, private money, joint ventures, even lines of credit secured against existing assets—there’s a ton of capital out there looking for strong operators.

  $1,500 is a ton of money for a 17 year old.

There a ton of great DSCR options you can find on the Lenders tab at the top of the page, or connect with an experienced broker who can shop all the best lenders for you and educate you on the best options out there.

I started down this path years ago, taking our pre-existing lease and adding on and adapting it to this utilization.

Nice I have worked with a ton Canadians in the past!