When I posted on a different website someone stated that there are different laws in every state.

I would pursue MTR and see if there's any way to do it.

I do think there are great STR opportunities in New Mexico, but I would stick with rural and resort areas.

I checked AirDNA, and there is a comparable nearby that grosses $80k annually.

DM me @homesbydiana on instagram if I don't respond on here :))I found a roomie already but let's def connect there!

Just like with multifamily buildings, the more modern and move-in-ready a property is, the less potential there is for adding value, which can limit your return on investment.I suggest looking for off-market properties.

If you go financed there are a few banks that have both Canadian and US branches. 

Hey there @Tom O. - The insurance industry like many others (including our industry of home remodeling here in Chicago) has escalated exponentially in cost.I've got several local Chicago brokers I can share with you, but I think no matter what your rates & premiums have probably gone up...I will send over a couple of contacts for you.Just curious, what neighborhood of Chicago is your building in?

My experience in Baltimore is that while we have plenty of multifamily listings, there aren't many priced really well upfront and most require work.

Hi there!