As we go through the purchase process, what things should we look out for or are red flags to be aware of?

Abel Hi Abel thank you for taking the time to post this I appreciate it It gives me a lot of great information I own a restaurant in a tight knit community so I think I have a good starting point for potential clients I have around 5 hours a day to work on the side hustle I will add that book to my list are there any other books you recommend for getting into real estate? 

I've been in touch with two new agents from the BP community and have high hopes so far, so we shall see. 

Excessive complaints or three violations in three years could lead to losing the ability to operate​.Impact on Neighborhoods: Non-owner-occupied STRs (Type 2) may cause friction in residential neighborhoods, as they often function like businesses, which can disrupt the local community atmosphere.Recent Regulations (2024 Updates):1) STR operators must obtain a permit for either Type 1 or Type 2 properties, depending on whether the owner lives on-site.2) Platforms like Airbnb are required to remove any listings that lack a valid permit.3) New noise and occupancy regulations apply, with stricter enforcement through permit revocations and finesThese regulations are part of the city's efforts to balance the benefits of STRs with the preservation of neighborhood quality and local safety standards.4o

Hey Jenny,Welcome to the community.

Welcome @Mitchell Petrosky to the Chicago BiggerPockets Community!  

For our private lenders, we use people in our local real estate community.

I'm new to the community and located in Edmonton, AB.

I have a summer rental in Bethlehem NH and have had some success renting to the Hasidic Jewish community from New York City.

If you DM me, I can refer you to who our community uses.