Best Bacon ever! 

Big burly guys that smell like diesel fuel, drive jacked up 4x4s, chew tobacco for breakfast and have neck tats. 

We have an LOI and the seller has verbally agreed, but no contract has been signed. 2. the property is a northern VA hotel, bed & breakfast, and a restaurant.

The single family place is already zoned properly for the Chicago Bed & Breakfast license : )I'll have about $65k as a downpayment.

Since our house is very large, we have considered licensing it with the city as a legal Bed and Breakfast, so that is another option we are looking into if this legislation goes through.Our long term plan is to purchase rural properties (cabins) in the mountains, and rent them as short term vacation rentals.  

Interesting note about self storage - I had breakfast in the last two weeks with an appraiser whom I know well and he had the following: in the last recession, down turn, depression, financial crisis - whatever you want to call it - he did a lot of bank appraisals for foreclosures:Churches - apparently this is the first thing people quit paying, contributingSelf storage -  second thing - people will let their stuff go and quit paying rent for stuff they don't need.Just thought I would share, as I was talking to him about buying some SS .

Don't be the sucker that overpays wanting to make it work and saves their bacon.

Quote from @Noah Bacon: BiggerPockets has created a new Subcategory to celebrate your Real Estate Success Stories!

Breakfast tacos are the best thing ever.You know, this thread has been going for months now, and when it started, I thought it was an odd question - obviously the big market is the better one right?

Understand what that number sequence means, how to apply it to REI, and then never making any decision without that number in mind. you showed me this about 5 years ago when we had Breakfast in Detroit and I did not understand it then and I dont understand it now :)