How you break that up is up to you.Seller concessions are limited by Investor - FHA allows 1% concessions, and only to FHA buyers, none to others.

This limited inventory will likely continue to drive up prices.Sales - Median $/SF by MonthThe $/SF had a robust increase MoM.

However, our current hard money lender only funds one loan at a time, limiting our ability to take on multiple deals simultaneously.

I am not criticizing your PM.

-Finding off-market deals and securing financing with limited capital.

If you had to start over today with limited resources, what strategy would you focus on- Would you start with house hacking, BRRRR, wholesaling, or another strategy?

Aligning yourself with a buyers agent who understands the STR market is absolutely critical. 

Get sued on one get sued on all.Recently the Illinois legislature gutted most of the protections that made an LLC a desirable entity choice in Illinois.As of January 1, 2025, several new Illinois laws have come into effect, impacting Limited Liability Companies (LLCs) in various ways.

Once you have the place under contract you are time limited.

Faced with these burdens, many owners choose to limit their renovations to cosmetic work or, worse, proceed without permits to avoid triggering the requirement.This raises a crucial question: which is safer—a fully gutted and renovated building with modern electrical and heating systems, rebuilt to 2025 code but without sprinklers, or a building where the original, outdated wiring and heating systems remain in place because owners chose to avoid triggering costly sprinkler requirements?