DM us if you'd like more info on the Detroit market - which increased another 20% in 2024!

I don't remember the exact cost when I did it but I remember thinking it was cheaper than expected.I didn't see a comment mentioning that you should just include utilities in the rent and increase it based off that so I'll be that guy.

The increasing barrier to entry results in fewer new STR's coming available for sale, but also fewer options for guests to rent. 

Given his spending habits during his first term, it might be a wash.Costs to build new properties will probably increase.

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.

What the investor will have is a long term appreciating asset; that will provide an increasing cash flow as rental rates increase, and steady amortization as the note is paid down.  

They'll tap out in 3 months, max.Rates can increase.

As everyone is getting for the holidays to ramp up and the new year to turn, I want to give some insight into a simple thing that me and my team have been doing to increase our ROI by about 10-15% each month.  

We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc..... 

Do the math and you'll see it doesn't make sense.The best way to invest: increase earnings, reduce expenses, and save.