I chose this area for two reasons, the first is that the South Gate Entrance has the least issues.

#LockItUp3️⃣ YOU’RE NOT ACTUALLY RESPONDING—YOU’RE JUST REPLYINGMost salespeople throw out responses instead of truly understanding sellers.

Also Mid-Term Rentals to traveling professionals, people displaced for insurance reasons, or doing a renovation to their home and needing a place to live for  3 months or more are also possibilities.

That is part of the reason I'm not sure it matters as much whether I am in my home market or not - other than the fact that I have greater knowledge of the local market. 

@Matthew Samson, The conversion into a rental and then 1031 can actually be used with the primary residence exemption as long as you watch your dates.Your parents move out for a year and convert the property to investment. 

In all actuality move in Inspections are a waste of everyone’s time and they are very inefficient.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

I'm actually jumping on here to let you know that am also an investor around the Champaign area, I'd love to connect!

Ease of working with owner = easier for you to cohost --- some owners micromanage and 2-3x the amount of work for you for no reason.

But if you go over, you don't actually have to pay any taxes on the gift until you go over your lifetime gift exemption which is like $13 million, which i guess the IRS tracks.