I have not seen a significant difference in this area between section 8 and non-section 8 tenants, personally. 

Those willing to go beyond that could be good partners for real estate investors.Traditional banks/Local Banks and non-bank lenders - If they are a portfolio lender, meaning they actually hold on to the loan and don't just collect your payment, then they have the ability to be flexible.

If you're not accredited, then I would say the rare syndication that accepts non-accredited investors, or something like FundRise or Crowdstreet or other crowdfunding platform, would be how you get that "riskier" side of the barbell to weigh more.And thanks for your feedback on FundRise, Crowdstreet, Farmtogether, and Groundfloor.

Depending on why you are evicting the tenant, Illinois has 3 different notice periods: Five Day Notice of Eviction The Five Day notice is only used for non-payment of rent.

If you're certain the type of renter you're going to get are traveling medical professionals, you know they're on short term contracts (typically 13 weeks).

The simplest way to deal with this situation is non-renewal.

All it takes is one non-payment or messy eviction to set you back months and even years in cash flow.

Quote from @Neeta Agrawal: For context, we gave the tenant a 60-day notice for non upkeep and no repair communication in 2023 and then extended it for 30 days upon his realtor's request, setting the move-out for May 31, 2023.

They found that targeting traveling nurses and medical residents provided reliable income, especially with amenities like a washer/dryer and blackout curtains.. details that are often overlooked but highly valued.For STR potential, I’d suggest researching local tourism data.

. $40k will not get you a non owner occupied San Diego property unless you find some unlikely alternate financing.