And yes, as long as construction prices keep increasing while home prices drop or stay steady, it does not make sense to build spec. 

Also, what are you main reasons for looking to STF in Rockford, not knocking the area by any means but there is so much opportunity within the city limits where you're less likely to have extended vacancies.Short term rentals have taken a beating this year, while long term rentals have seen an uptick in what they can charge due to high home prices, and inflated interest rates.

How long did it take you to do the rehab?

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

Our group doesn't want to create a huge number of vacancies, so some of the NOI is being trimmed in the short term.

I have worked in long-term care for over 20 years now as an Administrator , and now I am running a healthcare consulting business on the side. 

So, if you felt that was the price range and chose to come in on the lower end of that I would stick with that and enjoy what will hopefully be a LONG LONG tenant stay. 

But if you decide you are going to permit it, you need to have a contract drafted that protects you in case he is negligent or doesn't comply with the terms of the agreement.

But I don't want to be living with strangers, I was thinking if I make my own room(something small like in the garage). and only sleep/be at the house half of the time will I still be considered a primary resident and will that be okay with FHA guidelines as long as I don't tell them?

Well not all bad I’ve learned a lot I bought a 2 unit that needed work but it’s taking too long and costing too much.unit 1 is ready but the exterior needs work as well as the second unit. should I sell take a 35% loss and move onContinue saving/investing in repairs repair Just enough to get a HEL Nothing focus on my other business that is making good profit How can I speed/turn this deal around?