Just wanted to express gratitude for providing this important information for out of town owners like us as we move forward. 

I am looking in the 750k-1.1m range with between 6-10 units.

ARV seems to be in the range of $735,000.

Do you have a price range that you'd be targeting for your first property?

High end vs mid range?

@Jaycee Greene I’m looking to buy another 2 unit duplex, prices are ranging between 500K - 650K.

With Chicago's new Express Permit Program, it's a bit easier to get permits for work that would have previously required architectural drawings. 

Most nearby cities are the same.Even in the Denver-adjacent cities that do allow non-owner occupied STRs, they vary widely -- some have caps on STRs, some cap the nights rentable as an STR, some cap the number of vacation rentals one owner can have, etc. etc.This is all to say, first know where you can do Airbnb, then start running numbers.

With interest rates holding steady (so far) and US Treasury yields hovering in the 4-5% range, many investors are weighing the pros and cons of staying in bonds versus seeking opportunities in real estate.

But a wide ballpark would be around $800-1200/mo long term or $1500-2000/mo as a short term rental.Understanding Zoning Requirements for ADUs in Raleigh. 1.