Quick math, $2.8M equity + $1.8M cash = $4.6MSo take that $4.6M and re-allocate it, buy SFR with cash, and target appreciating areas.

If you're targeting Section 8 tenants in Chicago, I'd suggest listing at the fair market rent of $2000.

Target Price: $575K-$585K; ARV: $625K+.

Look for a team with a strong track record in managing rentals like yours, especially in your target area.

There are more complicated strategies to maximize larger listings that involve having like multiple listings for same property and do individual room rentals when it is slower and then for larger length stays, larger groups, and more desirable dates you'd book the whole space, but I think its easier to just do two separate. 

If you are specifically targeting travel nurses, it will benefit greatly if the home is near a hospital. 

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

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

I’m sharing my story so everyone can be aware and hopefully avoid the same experience.I received a call from one of my ads that targets probate clients.

I can assure you that the more you learn regarding these products, the easier it is to help all of your clients.