That will most probably be offset by an increase in new mortgage costs and increased rates. 

I've added a few things for very minimal cost that guests really love and increased revenue ~34% year over year.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.

Repairs made while the property is your primary residence are not deductible, but improvements can increase your cost basis, reducing future capital gains tax when you sell.

Many of these areas also benefit from both rising home values and increasing rents.Ultimately, successful investing comes down to selecting a growing market, a strong neighborhood, and building a reliable team to support you.

When you save up enough capital, slowly increase your portfolio.

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.

With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.

I like the cash flow and see the potential for increasing rents, but I’m hesitant about overpaying.