., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?

Starting small with one property was a smart move, especially in a new market.

STRs are essentially small hotels, thus they are usually taxed similarly to what hotels and motels are.

Do the math at a 6% loan rate.There's a reason many apartment buildings have been converted to condos and sold.

STRs can bring great returns but are higher risk and more hands-on, like small-cap stocks, while long-term rentals are stable and predictable, like large-cap investments.

We specialize in new construction SFHs and small multi unit buildings in Chicago. 

Airtable is a great alternative as well, it just isn't a full blown CRM and the price is really cheap for just a solopreneur or small team.

Yes 1k sqft is small but probably much better than living with family.

When I have some free time, I'll research other options that won't cost a fortune for the small guy.

And your point about a lingering HM loan makes sense.