I have an apartment that is set up as a 55+ complex historically but there is no deed restriction requiring it to be maintained as a 55+ complex. 

By "better", I mean in terms of (1) return (2) licensing restrictions, and (3) state law. 

It is a bit of a double-edged sword. the refrigerant is going to have restricted production starting next year causing the cost of 410 to rise.

@Andreas Mirza @Bobby Sharma All kidding aside, investors don't realize that some of the small suburbs surrounding Chicago have building and transfer restrictions that would make Chicago blush.

Unless you are forcing equity in some way, you would be rather restricted on what cash would be available. 

That depends on the loan agreement you have with them, some require it, some will not allow it and others it is silent which typically means no restrictions.  

For most of the area they restrict it to 6 months of the year for STR.This is direct from the website:https://www.cityoflakegeneva.c...Each Short-Term Rental shall be managed consistent with the followingrequirements:i.

I know when I looked into it, out of curiosity, there were many restrictions/rules/conditions. 

Hey Mik, I have a condo as well and have thought about converting it into a MTR or STR but the restrictions by the condo association completely prevent this.

Communities have very tight short term rental restrictions, making it very difficult to find properties, and then if tomorrow the zoning changes, you might go from positive cashflow to nothing, since the laws on short-term rentals are so volatile and different across the country.5.