What is something that you thought was true about the real estate industry / investing, but turned out to be different  / not true once you actually gained the experience?

Real estate investors are attracted to medium-term rentals to gain the benefits of extra cash flow versus long-term rentals while avoiding regulatory risks, high turnover, and intensive management of short-term rentals.While many investors are now turning to medium-term rentals to build their portfolios, the lending world has unfortunately been a little slow to keep up.

My understanding is the seller bought with seller financing significantly below market value and has the capital to pay the near due balloon if needed.The seller is the one who proposed SF due to (I assume) capital gains. 

The opportunity to connect with other Chicago-based investors is valuable in itself.

You might lose more than the taxes if you’re in the 15% capital gains bracket. 

The long term capital gains rate for many people is Federal 20%. 

As you gain momentum, you'll realize that each of these tasks are full-time commitments and that they'll quickly become more than any one person can handle. 

Fix n flips are typically dealer status income not capital gain.  

In July, the U.S. commercial real estate market experienced mixed results, with property price gains slowing, particularly among individual investors.

I'm trying to learn as much as possible to gain the confidence needed to invest in my first property.