It makes common area insurance more expensive, it can affect the availability of mortgage financing, and it significantly increases the association's administrative responsibilities.

I have decent W2 income and I plan to continue working for at least 5-10 years.

My land is also buildable and I have plans from an architect for a 3 bd/2 ba home which would cost 300k to build (it's in CA) and is in an excellent STR location...but I'd need a construction loan to build it.

If I can go with this plan.

I plan to hold it forever, letting tenants pay down the whole mortgage.

I am almost completely through Planning and permitting.

Do you still live in it or plan to move out?

For the newbie investors, buy something that cash flows and plan to hold it for as long as possible.

Thanks in advance for any recommendations or advice, what is shown on your approved site plan and electrical plan?

I have a 3 flat in Lincoln Park, Chicago, IL that I am planning to list for sale in the next 3-6 months.Currently owner occupied in 1 unit (Duplex up, 3 bed 3 bath).The other 2 units (2 bed 1 bath each) are rented.I am wondering if it is more attractive to buyers to leave the 3 bed 3 bath unit vacant when I move out, or should I place a tenant in there and then list for sale?