It’s also a good idea to assess their track record in handling alternative investments and supporting clients through changes.I’d be interested to hear how Inspira addresses these concerns going forward.

If Oak Park allows STRs, leveraging that history could make the property stand out.That said, unless the home has been preserved as a landmark or has unique historical features, the value boost may be more about novelty than a significant price increase.

That said most folks have price targets and if large complexes are conceding 1 or 2 months on the 1st year lease, itll put downward pressure on your rent to some degree. 

It should include details like the purchase price, property description, and terms of sale.

Getting that first property is exciting—and yeah, NYC is no joke when it comes to price of entry.Honestly, a lot of people I’ve talked to in your shoes end up finding better opportunities just outside the city.

Purchase price: $850,000 Cash invested: $335,000 Historic downtown Fargo property.

Look forward connecting with you, I recommend reaching out to Sean Daley.

And of course, getting financing squared away is key so you know your price range, which will help narrow down locations and strategies.

I think I’ve covered my bases, but I’d love to connect with others working on similar models or interested in this niche.Looking forward to hearing your thoughts!

As @Jonathan Greene mentioned this is kind of a dated strategy in the new price/interest rate environment.