The issue is that there are pockets of restrictions all around Lake Hamilton so it would pay to have a local agent right away who is familiar with the STR market around there.Hot Springs National Park has around 2m visitors a year so that will be a big draw.Crime is on the higher side vs other areas of the country, but that is pure statistics.

The location is very suitable for a diverse group of travelers that our college town attracts.

This option is flexible and suitable for ongoing expenses or projects where the total cost is uncertain.Tax Breaks on Cash-Out RefinanceInterest Deductibility: The interest on a cash-out refinance can be tax-deductible if you use the cash for substantial home improvements.

As the city experiences heightened attention and an influx of visitors, local businesses thrive, and the economy receives a boost.

Our team of specialists is always ready to match investors with the most suitable lenders for their exact needs.Now, let’s look at long-term real estate strategies that beginner and veteran investors can use to build wealth over time.The Best Long-Term Real Estate Investment StrategiesBuy-and-Hold strategyThe buy-and-hold strategy is a long-term investment strategy that involves purchasing a property and holding it for an extended period.

Best of luck in finding a suitable multi-unit property on the South Side of Chicago!

Hi Bok,@jimmy klein said it right, an experienced and hands on operator can make buckets of money in the hotel business and a property manager would only be suitable if you have a property with scale.I owned a 87 key Best Western for over 10 years and managed it myself through the recession.  

If I rent it to four roommates, it's four leases, four rent payments, four move-ins and move-outs, drama because they are strangers in a shared space, extra vehicles, more visitors, etc.Consider networking with local investors at investor meetups to get local recommendations.

In fact, you should wait until you are married and then get a $500k exclusion, so you don't have to work so hard finding suitable property to exchange into. 

It's important to note that while these methods exist, they may not be suitable for every situation, and the feasibility can depend on factors such as the type of property, the seller's willingness, and your financial qualifications.