Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Go search the topic "Lifestyle Asset University" here on Bigger Pockets and you will see a longer thread with a lot of opinions (most are not members) but still worth a read as there are a half a dozen paid members from our group who have commented on that thread.We were formerly called Lifestyle Asset University, but I didn't realize that you couldn't use the word University in your company name here in Utah so we changed our name to Vodyssey. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

The tax rate difference from from long term to short term alone won't make it worthwhile in my opinion- add the 401K withdrawal penalty on top.

2 years later in Nov 2024, i am checking in to see everyone's opinion to the question on the original post. - What do you think will be theNext gentrifying neighborhoods in and around Chicago?

There i a bit of research that needs to be completed early on in order to get a good judgement on the feasibility of this; from there, the "Official" way to ensure you could pursue this would be to request a "Zoning Opinion Letter" to receive an Official decision from the Department of Zoning in order to ensure this will not cause any issues during your permit review. 

However, this is not specific legal advice to you, just an opinion based on the circumstances described.  

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I’ve been exploring the benefits of Co-Living investments and am curious to hear your opinions!