In light of this, I have been exploring the possibility of pursuing creative finance options, specifically seller finance deals, as a potential means to achieve my goals.

- Are there specific areas of Chicago that you are more interested in than others?

Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.

This specific deal was a close friend's apartment that he was renting.

You can use a tool like AirDNA to get estimates of property performance in your specific market and with your typical size and configuration of home.

Pre '2010', maybe just maybe it will lean heavier on the fundamental mechanics than specific processes. 

Additionally, we have authored over two hundred blog posts on our website, covering a wide range of topics, many of which focus specifically on investing in Redding, CA.

@Justin Smith wouldn't do it.Why is he willing to sell you this SPECIFIC rental and not another?

Consider defining clear roles, ownership percentages, and responsibilities upfront, and ensure you’re protected if the partnership doesn’t work out.Since you already own properties, it might be worth consulting a CPA who specializes in real estate for advice on tax strategies specific to your situation.

@Michael ElliottSolara is just one of many resort communities that are specifically built for STR.