Hello JC,I am not an expert in DC specific zoning but I have a lot of experience with the zoning code in Charlottesville VA. 

Hi was was wondering if anyone here in Chicago or surrounding areas have purchased from the cook county land bank and if so what kind of loan did u get if any to buy and fix it up or develop a property any info would be very helpful thanks

I have some homes in Ft Lauderdale and excel in the Short Term Rental space. 

Conventional Financing How did you add value to the deal?

I have personally used the BRRRR strategy in Memphis many times over the years.

So could you take out the $50 you need in a term loan and also open a LOC large enough to cover any issues that arise?

Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations

Now if you could put down half of that and get the same cash flow, that would be a different story.

In the Bay Area, most HOAs actively restrict less-than 30 days rentals in CC&Rs, and can have % rental caps on units which may make MTRs difficult. 

If yes, this is a smart way.There are variables in the middle, but 99 percent of part-time agents don't make it and drop their license within a couple years or just pay the fees and do nothing.