Much appreciated,J I know @Jonathan Klemm has operated a STR in Chicago and I believe you are correct about the occupancy rules.Like @Michael Baum said considering the mid-term rental strategy (30-90 days) may be a good strategy to get around STR rules.

It's a very hands-on strategy, and the position of "BRRRR quarterback" just doesn't exist - that's you. 

The strategy I would like to BRRR because I do want to scale in the long run.

Bought my first property in FL last year with my mother as a partner. 50/50 she is the occupant paying the mortgage, I am a non occupant primary owner. Not sure if Id be able to refi becuase its so soon? Im looking to...

Hi, I am a new member in the beginning stages of creating my investment strategy.

There is always higher risk when operating with hard money, so you'll want to make sure that you buy a solid deal, in a good neighborhood, and have a plan for rehab and exit strategy.

If you're lucky enough to find an interested seller, you will need to have the tools to quickly analyze the deal, understand if the sellers motivation to sell, pain points if any, and genuinely see if you can provide them with a quick exit strategy.

All these comments about Tax, and Managing property,  is the reason we operate as an I.R.S. designated 501 (C ) 3 Tax exempt non profit association of landlords.  

It's important to explore your options thoroughly to find the best fit for your investment strategy.

.' - Explore various financing options like partnerships, syndication, or creative financing strategies.3️⃣ 'It's too risky.' - Like any investment, risk can be mitigated through thorough due diligence and working with experienced professionals.4️⃣ 'I don't have time.' - Investing in multifamily properties can be passive with property management services or investing in syndications.Don't let excuses hinder your potential for financial growth and passive income streams. 📈 #RealEstateInvesting #MultifamilyInvesting #FinancialFreedom"