Did you form a single member LLC or two persons?

The details:STR owners must obtain a $119 STR license.Can operate one STR in any legal dwelling unitR-1 properties can do one STRR-2 properties can do up to two STRsR-4 properties can operate up to four STRsThis does mean that if you have a single-family home, zoned R-1, you can NOT operate multiple Airbnb room rentals.

Trying to think of things to increase BPO in single family houses.

Hi everyone,After a death, my family will have to sell a property containing a single family home, but the property may be worth more as a commercial property.  

I'm assuming that people rent before refinance simply because they have to wait 6-12 months to refi.The property is a single family rental.

Purchase price: $54,000 Cash invested: $54,997 Remodeled 3 bedroom 1 bath single family home built in 1951 in a quiet neighborhood with detached 1 car garage and fenced in back yard.

In cook county its $365,700$468,150$565,900$703,250for a single, 2 unit, 3 unit and 4 unit complex respectively.

Would love to hear your thoughts as well.Me and my wife will split into 2 separate single member LLCs purchasing as TIC with my other partners."

That lead me to looking for below market, distressed single units, in Chicago, in neighborhoods with a high rent demand, and that still seems like a decent idea but I'm not getting the return I'd like, but would still be netting positive.

The problem is that there are no limits on how many short-term rentals a single property owner can operate, he said.In some Arizona cities, Drennon said, “bad actors” are buying and converting entire apartment buildings into Airbnb rentals, effectively creating hotels in residential areas and depleting local supplies of rental housing.By contrast, traditional hotels typically operate in commercial areas that have much higher property tax rates.Many cities around the world — from Paris to New York City and even Airbnb’s home city of San Francisco — have laws that limit short-term rentals to protect the hotel industry and residential neighborhoods.