They sell you the land (you may or may not need to put some cash down) and they carry a note in 1st position.

I currently have about $50k in cash and am looking to spend no more than $250k on my first property (less depending on the area, number of units, etc.), inclusive of any renovation costs. 

Quotes from successful former “students” providing their first name and last initial only 8.

@Matt Smith - as @Christopher S. mentioned you cannot use an ADU unit in Chicago as an AirBNB as the city's intent with the program is to provide additional affordable housing. 

I also provide small shampoo's and conditioners that I get in bulk from Amazon.It is hard to beat either for these kinds of supplies, even if you get a wholesaler to sell to you.

For some of my homeowners - I provide them with several options 1. 

I am building them especially for STRs, but they will have a cash flow as regular rentals.

Anyone who can provide useful advice would be appreciated.

And right now the bigger cabins are not a good cash flow play but might be a great equity play when you look back in two to three years.  

After 45 + years as a real estate investor, broker, lender, fund manager and syndicator, I’ve become aware that the “dream” of many investors and investor “hopefuls” is to be able to generate enough cash flow to live off their real estate holdings and accumulate enough wealth to make “work” optional.