Is it only zoned to be a single family?

Since I am only qualified for 190k the availability for single family homes in that price range is slim.

Like others have said, you don't need an LLC to get started with STRs.If you own a single unit or even 2 or 3, simply make sure you have the best insurance to cover any issues as well as an umbrella that can cover any excesses.Plus the major key will be maintenance.

*Note that we interchangeably use the labels: Lodging House = Rooming House = Single-Room Occupancy (SRO) = Co-Housing PropertyThe building has 3 kitchens and 4 full bathrooms, on 4 floors:3rd floor: The 3rdfloor is ‘off-limits’ to the 1st and 2nd floor tenants, so the two 3rd floor tenants enjoy the exclusivity of their own entrance, and a kitchen and bath shared only with one other unit, plus some distant ocean and Boston skyline views.2nd & 1st floors: Eleven units share 1 kitchen and 2 full bathrooms, one on each floor.

I have multiple rental properties but am asking with this situation as it is my first time encountering this.The facts are: I have a management company who manages a single family home for me.

@Jacob NevarezTo make a successful real estate investment, get pre-approved by a lender, consider multi-unit or single-family home options, research the Chicago market, and network with local investors.

It just doesn't strike me as that odd or out of pocket that an older, single mother of a disabled son can't afford 1500$ in rent.

Generally, if there is a single deed restriction, only the individual or body who created it can enforce it.

But you won't have the same office culture because they don't have many offices.If you want to work in a small town and learn from a person, but not necessarily have the latest CRM and tech, a mom and pop usually works a single town and crushes it, but won't have much training other than here is a lockbox.

I will be getting a loan, looking at single-family or small multifamily targeting long-term rental.