Peter Lohmann’s newsletter is a solid source for staying on top of national trends; I’d recommend subscribing if you haven’t already.In Texas, I’ve noticed increased activity, especially in the Dallas-Fort Worth area.

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.

They further out the ripples go from the stone, the less appreciation your receive while the cash flow increases.

That will show what proposed tax increase you will see.

From the commercial side you have more ability to force appreciation by increasing the NOI. 

The article is based on # of sales, not price increase or decrease.

House hacking is a financial no-brainer, it eliminates you single biggest monthly expense, so you can increase your savings rate.

My plan for this year is improve my credit, get my real estate license (to increase my income on top of my W-2), possibly career transition into the property management space (to learn more), and save as much as possible and learn as much as I can.I’d love to house hack close to home but my area is so expensive it seems like it’d be close to impossible. 

The fix-up and increased value will not matter to the IRS as long as you sell within a reasonable time frame of the house passing into the estate.

So your net earnings ( increase in wealth) is $650.