Assuming that a few cents out of 58 may be allocated to gas, the mileage method may mean deducting gas expenses which were not incurred.When you're renting your car on Turo, you do not have transportation expenses at all.

I'm not so sure about transportation costs, once all the costs of getting the materials to the factory, then the finished units to the installation site area included.Its an idea thats worth considering, though.

I agree with the analysis in the thread so far, pretty spot on from my experience.It's still possible to find a good BRRR deal, it just means you're looking longer and making some creative changes yourself (adding a bedroom or bathroom, enclosing in extra sqft).I still like investing here, even if it means it's harder to deals.

A rental built to lastCons for New:  Expensive ($60-$90k PLUS transport, set-up and probably perm foundation) payoff in 15-20 yrs, ~1.25% rule In what I am thinking, both new and old would require transport and set-up with rural utilities; existing properties come available from time to time but the market here is pretty tight; nice 10-15 year-old DW's on 2 ac+ routinely go for $125-$150+ around here.BTW:  There are no $20k single-wides on land that need $2000 to be rent-ready around here....Thoughts?

I guess many of the rentals are to persons that own the right vehicle to navigate the sand roads or do the owners or rental companies supply transportation, or am I over analyzing the need for 4 wheeldrive?

We have an arrangement with a local taxi service which allows our tenants to call a cab when leaving from "a night out", show them their "Take me home" card and receive transportation back to their house/apartment ... even if they have spent all their money earlier in the evening.  

Hey @Muhammad Ahmadcongratulations on getting started in Chicago, it’s a great city to invest in and house-back 😃✔️ Pilsen is great, lots of local businesses and things to do ✔️ I personally lived in Bridgeport for a few years and the area has changed significantly in the past few years, great access to transportation ✔️ I actually grew up in Brighton Park and this area has drastically changed, there is also a new development with the Chicago Park District headquarters moving there

Any suggestions for areas where I could buy a 2 or 3-family home for under $550k with a less than 1hr commute to NYC w/ public transportation?

I'm "in the market" everywhere a plane, train or automobile can transport me.

This is an institutional prejudice that would not exist if everyone had transportation, if everyone could travel for a better selection and do so on their schedule.