Which is why we see all the "real estate investors" not really making any sort of meaningful cash flow.

Their lease is up end of day today and I was just at the house- there is no way all their stuff is going to be moved out by EOD.

Call it a partial or hypothecating or both but that’s another concern.Lastly does each person involved in the trade understand all these surrounding facts?

Excited to learn and connect with you all!

If so what favorite paint colors do you all use, should I replace the sink or any fixtures?

I make all necessary repairs as soon as possible, too.

Because Chicago is amazing in the sense that it has prices at all levels and tons of old inventory in need of renovation (if you want to renovate).Networking in person was the biggest help for me to get started. 

Do you require the Rewards Benefit Program on all your leases? 

It's definitely something to keep in mind if you're considering going all-in on Stessa. 

There are seven tests, however the most relevant tests for STR investors include:Perform substantially all the work related to the activity.Participate over 500 hours during the tax year.Participate over 100 hours during the tax year and no one else participated more.If your property meets one of the exceptions above AND you meet one of the above tests, you can qualify to treat your rental activity as non-passive.