Alternatively, keeping the properties offers long-term equity growth but with lower cash flow.Ultimately, weigh your ability to manage future cash flow, your risk tolerance, and your long-term goals.

Best of luck with everything it seems you have the experience and workmanship needed to be successful! 

STR stands for short term rental

Terms are not going to be super aggressive due to the fact that the rehab amount is larger than the purchase price though.

Hard money and private investing are both ways to finance flips, but they work a little differently.Hard money loans are typically from companies or private lenders that specialize in short-term, high-interest loans.

I see you're a Mid-term rental investor.

The HOA is certainly not trying to push out short-term rentals.Thanks Tyler.  

The way I finally found success was through repetition and then building systems as you repeat to help you scale...

My goal is to build long-term cash flow while keeping things as hands-off as possible I dont want to take on a major rehab.Is Peoria or Danville a better rental market for my budget, or should I be looking elsewhere?

Secondly, I'd chat with a realtor and get some recs on lenders to truly see what you're working with in terms of buying power.