This influx of high-paying jobs (averaging $60 per hour) is expected to draw a significant number of professionals to the area, boosting demand for housing and various services.

These can boost property appeal and command higher rents.- Short-Term Rentals in Non-Traditional Markets: Secondary markets like Florence, Alabama, are ideal for short-term rentals.

Just the different brand name lowers the cost dramatically!

The views are breathtaking and offer some of the most dramatic combinations of beaches, dunes, rivers, lakes and mountains.

A client of mine in Maryland added smart home features to their rentals and boosted rents by 12% with minimal investment.

If Oak Park allows STRs, leveraging that history could make the property stand out.That said, unless the home has been preserved as a landmark or has unique historical features, the value boost may be more about novelty than a significant price increase.

Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.

So it would cut down dramatically on your time, effort, and headspace.

Successfully acquiring, renovating, and selling multiple distressed properties can significantly boost your returns, but it also comes with its own set of challenges.

Adding a washer/dryer to a $500,000 two-flat in Rogers Park could allow you to raise rents by $150/month, significantly boosting your ROI.8.