I look forward to engaging with you all, sharing insights, and hopefully contributing to discussions as I progress on my journey. 

However, many DSCR lenders have a minimum loan amount of $100K, which can make it challenging for investors to secure financing for lower-priced properties. 

Plus, investing in new construction has meant fewer headaches and better cash flow for us over time.Real estate isn’t without its challenges, but it’s hands-down the best way we’ve found to build long-term wealth.

However, after renovations, the numbers improve significantly, and the challenge lies in bridging the gap between current and future performance.Expenses typically run at a 30-50% expense ratio for mobile home parks, depending on management and infrastructure conditions.

I navigate through cities and towns, identifying areas that are both friendly and challenging for STRs.

Subsidized Housing and Section 8:You’re right that Section 8 and subsidized housing present economic challenges for landlords, which is why so many avoid it.

Challenges?

Challenges?

The challenge we're facing is the lack of short term rental data for the appraiser, and we won't know if it will meet the debt service coverage ratio (DSCR) requirements until the appraisal is complete.Has anyone dealt with a similar situation?

The challenges in real estate teach you invaluable lessons that you might not gain otherwise.I also invest in Chicago, so I have a few thoughts in response to the questions you raised.