., one thing I really want to stress that most folks mess up is a registered agent. 

It's a very stressful situation for our team to keep having to contact you guys every month about our money.

To all those stress I had to go through during this process the only consoling factor is the judgment amount I got through the Justice of the Peace Court.

Stay on top of things, stay organized, and track every important date, from due diligence to contract extensions.Early on, I got myself into some pretty stressful situations.

With regard to renovations, I always suggest taking incremental steps to bigger renovations or partnering with someone who has already done a renovation at that level.I've been known to just go for the big rehabs for my personal investments here in Chicago , and during that process, it's always more stressful than it needs to be...As far as navigating the competition, I've found the best thing I can do is get EXTREMELY CLEAR  on what I am looking for; then I am confident pulling the trigger quicky. 

Unless new companies create replacement jobs in the city requiring similar skills and pay comparable wages, your tenants may be forced to take lower-paying service sector jobs.

Be warned - getting a short term rental to market is expensive, stressful, and exhausting.

This skill will come in handy when your clients are freaking out and stressed.

You can learn the local market without the stress of a major rehab while you start building relationships with property managers and tenants.

So I had a windfall and can sort of "semi retire" with a part time low stress job.