Just like any of the investment strategies here in BP, they need to evovle as the market and housing landscape evovles.

My plan for this year is to remodel and upgrade the house to then put it to cashflow either via short/long term rental.

Not worth it on a 100k house, probably worth it on a 300k+ house in the long run. 

Quote from @Trent Reeve: Quote from @Jay Hinrichs: Quote from @John Underwood: At our 3 bedroom Lake House we have both.At our 6 bedroom Pigeon Forge Cabin we have 2 drip coffee makers and don't have a Keurig.So I agree it depends on your property. seems to me coffee pods would be much cleaner and easier on the host ? 

Connect with other investors, agents, and property managers to get a feel for the area and learn from their experiences.Are you thinking about house hacking or just straight-up rentals for now?

the midwest has lower price points than other areas of the US, sure, but it also comes with its own challenges - for example, very old housing stock, lots of deferred maintenance, and tremendous demand for the best properties."

If the house is older than 15 years old and an ADU is added, it can become rent controlled.

For example if the house is worth 400K, but they are willing to sell it for 375k because they are avoiding having to pay 25k in agent fees, then the bank can consider the equity gap as a down payment.

This will be my first pure investment purchase, my experience up to now has involved house hacking.

@Connor ChatlosDenver and Chicago's high property values make multifamily properties ideal for house hacking.