Something I talk to a lot of people about as well is Chicago's future position.

The ADU is still too early but if you can do garage conversion at less than $100k only acting as GC, you have done well in my market.  

Ill send you a DM :)Are you finding that the Tampa STRs are doing well even with the 7 night minimum ordinance?  

To learn more about the space and discover the opportunities, difficulties, ups and downs of being a host as well as funding my STR in the future, I have been organizing and building a co-hosting company with hopes of helping hosts relieve stress while at the same time discovering what it means to own an STR and what it takes to have happy guests.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

I have problem with the calculator as well but can't figure out what I'm doing wrong.

Since all the expenses on the calculator were listed as annual, I took the monthly values on the realtor website and multiplied them by 12.I'm very confused on what maintenance costs should be estimated at, as well as what I should put for monthly rent.

He's also an active investor in the area. well thats not true you can buy sub 100k fixers in basically every rust belt city and deep south mid west city..

But since you still have lived in the property for 2 out of the previous 5 years you could take  the $250,000 as well as defer the rest of  the tax in the 1031.

Travis This is a great question and one that I've tried to get more context, as well.