Purchase price: $317,000 Cash invested: $30,000 Short term primary -> long term hold with a 3.25% interest rate.

Utilize tools like BiggerPockets Self Storage Calculator for competitive offer terms.

If you are interested, we have an in-person event coming up this Saturday where we are diving in to AirBnB / Short-term rentals in Chicago. 

Yes there are hard money lender that will lend up to 75% ARV and will finance the entire deal to include closing costs.The term is typically limited to 6 months and you will have to extend if you can’t exit within this time line.

The property would allow for some value add, making it a potential long term BRRRR. 

If it was a primary it would be different but HELOC's on investment properties have crazy terms and typically you're still capped at 75LTV. 

The higher price and only moderate school district rating could impact long-term appreciation compared to Plum Creek.1031 Exchange: As Dustin mentioned, you can diversify by acquiring multiple properties under a single 1031 exchange.

I've done these deals and we have been able to renegotiate price and terms late in the deal, all while my client's EMD is fully protected either based on an inspection period or based on lack of disclosure. 

Going into more debt is horrible advice, especially with current rates.The point of investing in real estate is primarily long term wealth, secondly cash flow.

I am using the  legal state defined terms for "broker".