People get paid way less than in other markets.Don't compare that a 3/2 middle class area rents for 1600 in SA and the same in LA is 3000.

I have a goal to post at least once a week to get to know you guys as well as make sure I'm consistently learning from people who are smarter than me :)When I started reading and learning about REI I felt pretty strongly about hiring a PM.

People need to do their own due diligence.  

I was wondering how much do people budget for vacancy for seasonal rentals.

Florida has over 1000 people moving in a day, our supply is almost non-existent compared to the past and even condos are giving amazing returns (example: we have a new condo purchased at $270k bringing in $4k a month in short term rental income). 

I know i'm late to this thread but imagine that a lot of you are still on the platform.

Chicago real estate is moving quickly and it's honestly no surprise rents are too...with less inventory for sale that also means more people are forced to rent, which in my opinion would drive up the rent.  

I believe you should always take care of your people.

I don't know many people that invest around there (only one guy that does really good with flips).