Pursue STR and Aim to Be Top-Performing:If the STR market in Lynchburg is competitive, it’s possible to generate higher returns if you can position your property as a premium option.

As an investment owner, you’ll never recoup the amount you lost in the premium.

As I understand it 100% deduction on expenses that are soley related to the business or the rented unit, 50% deduction on expenses that relate to the general property as a whole ( mortgage interest, insurance premiums, common area repair expenses).

Premium increases are rippling through the market; the state is also always going to be financially strapped/high tax due to union pension commitments from past generations and the high tax, high services nature of Chicago.I'd highly recommend getting on a plane and driving around before you buy anything there. 

It is completely free for the landlord and tenants and the site makes money through premium features like background checks, speedier processing of rent payments, etc.I can post rentals, accept applications, do background checks, create leases and send them out for e-signature all for free.

If you want to lend long term debt, you don’t want to compete and be the cheapest on the block (that’s a race to the bottom), you want to lend on stuff that nobody else (or a select few) will lend on and charge a premium for it.

That way if one toilet is broken, you don't have to pay the premium to have a plumber come right away when there is a second one to use.2.

There are some forms of income that do not require any receipt to use which are some of the above (full time job just offer letter or ownership of newly acquired rental property (lease agreement + security deposit/rent proof only).If you dont plan to go back to full doc then stay in the no income/state world and the premium for these products varies between 1-2.5% higher than full doc fannie/freddie/FHA/VA rates but pros and cons right?

Modulars are a little better because its easier to get FHA and VA financing so they can sell quicker to a wider group of buyers.FHA can be refinance down the road so the MIP - mortgage insurance premium similar to PMI but more expensive. 

I think this because the fall is a buyers market since there are less buyers (you could get a good deal on the purchase) and the springtime in Chicagoland typically is a sellers market (you could sell for a premium) since so many buyers come in to buy.