I'm in South Loop near the Loop, lake, Grant Park, CTA, and a variety of hospitals / schools, so renting out the room on a mid-term basis (32+ days) for a premium was the best strategy for me.

There’s no reason to go through a disaster (I'm mid recovery myself) and not get the financial upside by becoming the developer and selling a finished product versus raw land.If you have to completely rebuild, it’s a two year process at minimum.

:-)BTW, I'm actively looking for working partners with some cash to put in for the short to mid-term.

In Mid-west, 90% of deals are not true off-market.

We were able to fill one unit again, but the other has been vacant since mid September (over 3 months).

I started investing in mid-2021 but really got going in 2023.

MTR stands for mid-term rental.

With the upswing in the country's short-term and mid-term rental markets, a unique opportunity is presenting itself to house hackers during a time when it's harder to cash flow than it was a few years ago.

If that is the case, can you start to buy places that are built in the mid-90s to stay away from those big issues?

I bought an outdated condo, planning to do a cosmetic rehab later when I had more budget.I moved out of the condo in mid-2024 for a job, and by September, my tenant noticed mice droppings.