So, very little case law actually shoring up their intended use.4. 

Hi all, if a multifamily asset is within the Opportunity Zone outlined by the city, what measures should I take to understand what it may qualify for?  Are the specific tax documents I should request or consult with a...

Normally, those who rent are either single people with temporary jobs (nurse, professor, etc.) or tourists (mostly STR), but I'm trying to invest in LTR...

Super excited that I was able to help my brother and friend, Pace Morby, to get one of his properties rented to a family that needed a temporary place to stay while their home is being repaired. 

There’s a lot more sites that I recommend listing on: Airbnb, VRBO, Zillow, Hello Landing, ALE Solutions, and Temporary Housing Directory

Sometimes there is a disagreement as to what caused the loss (water damage in your case),  and in those cases you need to make sure to preserve everything so it can be examined by the engineers.In this case, I would equate your work to-date as putting a tarp on a leaking roof due to hail damage - you had to make these repairs to minimize expenses instead of potentially having to move your tenant into temporary housing, which would likely be much more costly. 

Their temporary relocation costs were not our problem.To summarize, you need to insure each RE, you should have an umbrella policy, and you should require your tenants to have renters insurance.Good luck

@AJ WongIf rates drop to about 6%, there may be a quick influx, but it will be temporary.

I’m an agent in the north shore and the only fees I pay for my brokerage is the mls so it’s like $700/yr.

You might even consider a close in suburb with good access to rail or to a lesser known neighborhood like Hegewisch which has a South Shore Line train station.