The city of Chicago doesn’t allow short term rentals in 2 to 4 unit buildings unless you are actually renting out your own residence. my personal opinion, is the short term rental fad is slowly leveled off to a more stable and long-term sector of the real estate market.

Any thoughts on which sectors besides residential are thriving from cash flow perspective.

The local economy is supported by several diverse sectors, including healthcare, manufacturing, and retail, which sustain employment levels and underpin rental demand.

The Wheel has generated a lot of buzz including being named the Travel and Leisure Magazine's 12th best diner and the owner, Savas Logothetides, is very involved in revitalizing the downtown.

Downtown Las Vegas presents opportunities to capitalize on ongoing revitalization, with many value-add properties, rising rents, and potential for significant returns.Townhome Rent Growth TrendsThe Las Vegas townhome and condo sector has seen substantial rent growth in recent years, with a near 40% increase from 2019 to 2022.

They buy properties directly and passively manage properties relieving them of business risk while getting a stable cash on cash return of 15%+ per year.The hospitality sector is not a low margin business as far as STVRs go.

Since you have been working in the real estate investment sector I assume you have a real estate attorney.

This was due to desirability, affordability, limited supply due to geography and laws protecting open space coupled with very high demand due to net in-migration of high-earners/wealthy people, and perhaps most importantly a diverse job market in recession-proof sectors like education, government, defense, healthcare, etc. not just tech, energy or manufacturing that can be boom/bust. 

The gradual recovery of international travel and tourism could provide additional upside for the market, particularly for upper-tier properties.However, potential headwinds include:"- Flat population growth, which may limit organic demand increases- Economic uncertainties that could impact both business and leisure travelOverall, the Los Angeles hospitality market appears well-positioned for sustained performance improvement over the next several years, with upper-tier properties likely to see the strongest gains in ADR and RevPAR.Full Market Report: https://d2saw6je89goi1.cloudfront.net/uploads/digital_asset/...Contact me for a complimentary market valuation analysis report for your hospitality property today.

even suburban submarkets are red hot right now in miami like leisure city, homestead, florida city you can still get infill lots one of the last few places in miami dade county right now. rezoning and variances you can do even better. if you are limited on capital ground up construction and land might be something to consider in miami in these submarkets.