The investor may have access to lower rate/fees Hard Money; to be a more competitive buyer with little to no contingencies; property may be need to be rehabbed and after adding value may be doing a cash out refinance down the road.

With technology and public access to MLS and other data bases, the value of and number of deals where a wholesaler can add value has declined significantly2.

It is very challenging to get your AirBnB license unless you are renting out YOUR UNIT or you do 25% of your units if you have over 6 units or something along these lines.The only way I'd advise STRs in Chicago would be if you are going operate a business to scale and had the resources/local knowledge to do so.I'd actually highly suggest Michigan because there is WAY LESS restrictions.

The package includes:- 3 nights at a 5-star, all-inclusive resort - All food and drink- Access to 3 keynotes and 60+ speakers and breakout sessions and guided networking - 3 evening events - Networking breakfast x2 and Networking lunch x2- Access to the exhibit hall, and more! 

Of course, if your local ordinances restrict occupancy numbers, you can safely follow those ordinances. 

In Worcester, I think your numbers are pretty close, but there are also a lot of Programs between Mass Save, and the City of Worcester that will pay for many of these things if you agree to an income restriction, or sell income restricted. 

The rent to price ratio here almost matches the RTP ratio of the C class areas but the main trade off you experience with access to better tenants is that the taxes are higher. 

If you purchase within 6 months, do a DELAYED Financing, which allows you to access 80% LTV of purchase price with terms equal to a purchase (better rate than refi). 

@Ann Covey depends on if you do simple assumption, where the loan stays in seller's name or if you are doing fill assumption and replacing the owner on the loan Note.If you do a simple assumption, how will you receive all the lender notices and access online account?

Purchase price: $175,000 Cash invested: $34,000 Sale price: $750,000 Single family Vacation rental direct sail boat access.