No arguing over a late fee, no knocking on their door asking for rent.

This recent article in Forbes argues that Data proves REITs are better than buying real estate: https://www.forbes.com/sites/marcprosser/2017/07/1...I've been following Bigger Pockets and planning to buy my first rental property sometime this year...but this article made me wonder if I should be rethinking that decision, and investing in REITs instead!

Lot's of turnkey operators and marketers here on BP that would argue otherwise, but then again one should never ask a barber if they need a haircut.My advice is to continue to educate yourself both here on BP as well as networking with other local investors.

While a specific time limit is not coded in Missouri law (unlike other states, where tenancy is specifically noted as being a resident for more than 30 days), as long as the guest is on a short stay (less than 30 days), I suspect it could reasonably be argued that a VR guest is not "renting" or "leasing" the property, but unless there's case law somewhere to that effect, it'd just be an argument in front of a judge. :/ But I think it is pretty clear that hotels and motels aren't subject to normal tenancy regulations and eviction law and the like, and so it seems logical that short-term rentals are more similar to a hotel/motel than a long-term rental.

ABC's of Real Estate Investing by Ken McElroy

Jeff Burdick thanks for posting that link and I agree Chicago is taking a bad rap thanks to all the fake news(corp interest, doing anything for views) such as Fox, CNN, espn, abc/Disney and other big name mainstream media.

Now, you can argue whether those numbers actually flesh out, and whether the politicians are in the pocket of the developers - only making it "appear" to be financially beneficial, and taking kickbacks to do so, etc.

It is hard to argue that you are not flipping the property.  

If you are concerned about having a smaller payment, I would argue that you need to look at another house that is within budget.Interest only mortgage payments sounds like glorified renting, but with the downside that you now own the responsibilities if anything breaks.

I think the agent's argue that I am a stronger buyer or something.