We have tenants who are asking to bring a relative to live with them that has a criminal history.

You can't expect a STR in a town no one has ever heard of to do as well as a property in a well known vacation town with decades of history

Structure a lease-option deal to protect your credit and ensure a good payment history.

University of Illinois Urbana-Champaign (UIUC) has seen record enrollment in recent years: it set its highest attendance in history, with over 57,000 students enrolled and in 2024 just had highest freshman attendance in history and keeps growing, Carle Hospital, Craft Factory (Warren Buffett approves), etc for diversity of economic drivers.

Which I don`t really blame, since if you look at our zillow history, the property has been on the market for so long, and the price has been lowered a few times.

Verifying last 2 years of rental history very important!

Verifying last 2 years of rental history very important!

They follow a straightforward process that has proven successful throughout history: increase earnings, reduce expenses, save as much as you can, invest as much as you can, and wait patiently. 

We are here to answer all your questions on the how, why and the history of Cost Segregation Studies.

You seem very green, I would highly suggest finding a property management company to do this for your while you learn the ropes and how things work.However, you can also get a copy of "The Book on Managing Rental Properties" by Brandon Turner, and get some really good information.The main one's to consider are:Background check - totally clear, or will you allow certain thingsEviction history - totally clear, or will you allow if no evictions for last xx yearsIncome Requirement - usually 3x the cost of rentCredit History - totally clear, or will you allow certain thingsPets - yes or no, size, type, number of pets allowed, extra pet deposit/feeAgain, I highly suggest a property manager to assist you with this.