One big consideration here is if your city has different zoning laws for STR and non STR properties.

I'll take your advice into consideration in my property search. 

Newbies are very enthusiastic and want to take action but guru's also know that 99% of their students are never going to pull the trigger and close a deal.

Hi everyone needing advice, if when I ready to pull the trigger and buy a multi family home which I plan to hack, should I purchase it thru a LLC, or under my own name?

Are there considerations with doing it this way if we sell?

One more tip – people remember stories that trigger their emotions.

As an STR, you can utilize sites such as AirDNA to get an idea of what occupancy rates are/projected revenue.From there, I would add take into consideration of finding a cleaner, how much is that going to cost, and other expenses relating to that.  

These withdrawal limits are triggered in order to prevent the fund from having to make forced sales.However, even with pre-set withdrawal limits from these REIT companies, investors can continue to withdraw their money in the future, which has several negative effects on REITs:1) It prevents REITS from buying properties or continue existing projects (in order to hold-on to cash reserves and pay back investors)  2) If investors continue to withdraw money, this may lead to a downward spiral of selling assets if it can't gain the trust of its investors (i.e. the forced sales of its properties).   2a) As a matter of fact, Blackstone has put up for sale its 49.9% interest in MGM Grand Las Vegas and Mandalay Bay Resort & CasinoGiven the above news and with Zillow, Redfin and Opendoor closing down there iBuying departments, Is this another bellweather for dire commercial and residential economic conditions to come? 

Also, my current CPA (who also resides in Chicago) is great and also specializes in real estate.I will add that spending the necessary money on a solid CPA is worth its weight in gold and pulling the trigger before you feel like you can afford it is a good thing!

A decent hoa is not bad but a poorly run one can run hoa fees up considerably.