Soon people will be spending nearly as much on insurance as they spend on their mortgage...

Maximize your W2 earnings, get a 2nd job, swallow your pride and live at home (if that's an option), don't spend a dime on anything if it is not food, housing, or transportation, and pile up money. 

Hi Greg, I spend a lot of time listening to STR podcasts and YouTubers and the consistent assessment is that quality design is pretty much a must. 

I've dabbled in the new construction space here in Chicago and there is A LOT that goes into it...I'd highly suggest spending some 1:1 time networking with some other investors like @Jennie Berger or @Prashanth Mahakali who are both Chicago developersYou make your money with the land purchase and then systems/processes/volume over time in the development game, but it's not easy and competition is high!

If you want to continue with the STR and classifying the property as active, you have to spend 100 hours and more time than anyone else.

I'm bullish around the Watsessing station in Bloomfield @Jordan G..  192 Bloomfield is spending some serious $$ on the corner of Watsessing and Bloomfield Ave.  

Signatures and Legal Advice: All parties must sign the agreement, and each party is advised to seek independent legal advice to understand their rights and obligations fully.SummaryThe hours you spend creating the agreement will likely save your friendship and legal fees.

There's all sorts of videos and books that say do this and do that but Im convinced if you spend a ton of time on telling people how to do it, then your probably not doing it.

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It would also lessen my out--of-pocket on either hard money costs or cash I spend, so I'd have more to work with to acquire more properties.