Many markets across the country are experiencing impressive growth and stability.

I think arbitrage is a great way to do STR with the high interest rates / inflated housing prices we are experiencing now.

I want to share an experience ive had over the past few months with my newest multifamily purchase, and highlight the importance of being consistent, telling everybody what you do, and what you are looking for even when you dont feel ready.

I can lend up to 100% of the purchase price and 100% of the rehab costs for experienced investors on 1-4 unit properties.

Love toledo been investing there for 6 years  now have a great team on the ground could not be better.

You can even connect with local HR teams and offer small referral bonuses to get more bookings.

@Jacob Dalton, I'm going to have to agree with Jonathan Klemm (sorry, couldn't tag you) & @Brie Schmidt -- you can definitely be a successful landlord in Chicago with the right team in place.  1000's of investors do it every day. 

If it is a good business with a hard to finance issue, he'll work with the loan team to figure out how to lend to them.

My advice on sub to is as follows1- COMPLETELY understand the process, implications, liabilities, and possible outcomes before engaging or attempting to engage in a sub to transaction2- Complete disclosure going so far as making sure the other part understands the transaction and possible consequences3- Utilization of an attorney experienced in subject to transactions for setup in such a way that provides some protections in case of default or in case the note is called4- Have a backup plan in case the note is called5 - only use for property that has a TRUE positive cash flow unless the buyer has substantial reserves I myself have purchased 8 properties subject to, but 5 of those were commercial properties which often have notes where a subject to is allowable.  

@Chris Seveney - Chris I know you know this, but sharing this for a lot of less experienced investors out there.