For normal cleaning, it's effortless.

If I multiply Total Turn Cost by the 10 year turn frequency, I get the following:Transient: 10 turns x 3,200 = 32,000 or 3,200/YrPermanent: 2 turns x 2,000 = 4,000 or 400/YrTransitional: 5 turns x 7000 = 35,000 or 3,500/YrBelow I normalized annual turn cost to show how much more annual cash flow the Transient and Transitional segment must generate above the Permanent segment to have the same annual net cash flow.Transient segment: +$2,800 per year more than Permanent.Transitional segment: +$3,100 per year more than Permanent.Based on the above calculations and research concerning cash flow and tenant turn rate from properties that target the three tenant pool segments, I determined that the highest net cash flow (for the same amount of capital invested) is from the Permanent segment.

Will you have to pay a bit higher than normal, yes, but with rates being as low as they are it ok to pay a premium.

I live in Normal, but often have Rent To Own deals throughout the Central IL area, and have started creating deals in the Chicagoland area, also. 

.- Cap gain rates increase is only for incomes over $1M- 1031 repeal is only for gains over $500kNo details on either of those thresholds are yet available, so we all have way more questions than answers.Preparing for something that may or may not happen and has no defined form is a gamble.

Renter mentality if the money came to them they would be all over it.. since they have to do something and the money goes somewhere else its just not a priority I would guess.. and I also think a lot of these that did this will just up and leave when evictions start to happen..I know BP has super landlords whose collections seem to be better during covid than normal industry vacancy rates.

Section 8 would be fine and I've done one and she was totally great, but most people in the area are just normal renters without Section 8 subsidies. 

I think things will return to a "new normal."

In more normal markets it seemed to be surprisingly effective.

I'm active in the North Park/Normal Heights areas with 4 investment units and my primary residence.