If it turns out you are grandfathered in, and the grandfathering occurs at the deed level and not the owner level, your house might be worth more than it is worth right now since you own a home that can be used as an STR without the regulations.Mike

Plenty of agents do that are high level networkers.

Hello,I bought a fixer upper, and found out that the cast iron will have to be replaced.

Not sure what metrics you have used in penciling down this market but make sure you look at population growth trends, income levels, poverty levels, Job diversity, schools etc.

Search (Upper right corner) for tankless hot water and you will find more recent threads including this one with 40 replies from Nov of last year.Tankless vs traditional hot water system (biggerpockets.com)

I'm primarily looking to move to St Louis market and buy my next fixer upper, but I work fully remote and open to other markets.

My advice would be to level set your expectations of a property first and what your highest priority is and then work towards finding a property that meets those expectations and gets as close to the 1% rule as possible.  

Lot #1 is a .75 acre lake front lot with a 4 bed 2 bath split level built in 1974 with an attached garage and 100ft of sandy shoreline.Lot #2 is a . 75 acre lake front lot with a 2 bed 1 bath house built in the 70s, a 30x30 detached heated garage all on 80ft of shoreline.

With homes now listing in the area for >= $200 SqFt we’ve been anxious to sell, go find another fixer upper and do it again.

I pick my own hours, pay is 1099, and each game is between $40 to $140 depending on the age level.