I also find that depending on the tenant, my one Airbnb property has less wear and tear because it's constantly cleaned and maintained versus my other rentals where the families living there settle in and accumulate stuff - which makes it hard to deep clean regularly (to my liking) as well as just the constant daily wear and tear from kids etc. 

I create a comp set to dive into the competition and analyze how many other MTR homes there are, what cleaning fees are being assessed, booking lead time, # bedrooms and competition and if EV charge, Pet policy and Pools make a difference.JURNY for a PMS system & channel manager.

Quote from @Jaycee Greene: Hi @Joy McQueary! 

If I can get 2 different renters in before Jan 1 2025-is still possible by obviously getting a cost seg.Also, would all of the house hunting, going out to see properties, research (calling city for license/map searching) and buying the furnishings count toward the 1 of 7 qualifications IRS demands in addition to the 2 Airbnb bookings-preparing home, cleaning, set up etc?

You can get a shorter, simpler one drawn up by an attorney, I know some guys use a nice clean 1 page doc, but if you're going to be doing a lot of business in Texas it's good to get familiar with the TREC forms.

Quote from @Jonathan Greene: 2 bedroom single-family homes are great rentals because they cost way less to buy and don't rent for much less than a 3-bedroom home.I'll second this.

If you insist on staying in Chicago, follow the Orange and Green lines. 

Quote from @Jonathan Greene: Quote from @Randy Achi: Quote from @Jonathan Greene: Go to local real estate investor meetups, there are a lot of them in Chicago, and start networking.

.$69.99 - BISSELL Little Green MultiClean Portable Deep Cleaner - https://www.costco.com/bissell-little-green-multiclean-porta...If you are going to have pets, then this little guy is great.

If your potential renter is not clean and can't maintain the common areas well they are not a good fit for co-living.