Unfortunately, Covid decided to change my plans, and I made the decision to hold off, in hindsight it was a huge mistake and no one could have imagined that property values could have increased at such a high rate.

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.

That way they keep their licenses and ratings.I don't see much of a difference really.Don't keep them out as they will get increasingly suspicious and they might pull your permit for non-compliance.

I'd definitely recommend considering the Columbus OH market - it's got strong macroeconomics with major employers coming in and developing here, steady population and job growth, and prices that still make sense for cash flow.

This eliminates the problem of increasing your debt and damaging your credit score.

The average sale price for small multifamily properties in Nassau increased by 13.9% from '23 to '24.

Cash flow has been hampered by an increase in cost of ownership recently, specifically insurance. 

Would it make more sense to move the money we make from selling to a different property that could potentially increase our cash flow? 

Additionally, the house is 25 years old and could use cosmetic updates to increase rental appeal.

The shorter the prepayment term has an impact on increasing the rate.4.