But I’m thinking of getting into STR investment and become more active.I’m a complete newbie to short-term rentals (STRs) and eager to wet my feet in this area.

I don't mean to throw shade at my fellow Illinois residents, but I'm quite bearish on this state for the long-term. 

If they are professional, they can explain this quickly and easily.

Thanks for doing this. 

This would be taxed at High Personal income tax rate.

I'm glad to be included on this platform with like minded interests.

Nathan I think this is true if your just talking about rental props for landlording.. the last 2 to 3 years have been the best years of my career.. building new builds and Loaning our funds.

Michael,   A good book to purchase is "Professional Real Estate Development: The ULI guide to Business.   

Would this be a feasible plan?

I still wouldn't give people an all-access closet.