Navigating zoning regulations is critical when converting a property, especially when transitioning from a commercial space to residential use.

Strategic planning and phased upgrades are critical to balancing renovations with ongoing operations.

Strategic planning and phased upgrades are critical to balancing renovations with ongoing operations.

Strategic planning and phased upgrades are critical to balancing renovations with ongoing operations.

Strategic planning and phased upgrades are critical to balancing renovations with ongoing operations.

Subsidized housing and incentives for developers to create affordable units are also critical, especially for supporting lower-income families.

But if they are not already furnished, the answers above are consistent that having a good team on the ground (Realtor, PM, service providers, etc.) is critical. 

You will find many locations in the Midwest in the list along with some critical statistics.  

Our thesis is that there is a critical shortage of inexpensive but quality housing in the US.

And the ability to adapt is critical: we have seen so many STRs pop up in Milwaukee over the last years, that only the best thrive.Speaking of it: next week at RPA-CON we have a session about STR vs LTR.