I prefer to stay on the residential loan side.

Just curious so I can stay away from them as well.

Staying out of the high crime and some of the extreme high end areas is our goal, supply is low right now, but plenty of deals to be made especially for those that are house hacking, or have skills such as rehab experience.

Stay in touch!!

You get tax benefits while you stay there, and if you sell after two years you pay no capital gains.

I have run the numbers in the Calculator it looks like it will pay for itself if it is rented an average of 3 weekends a month (minimum 2 night stay.)Thanks,Adam

If there other income is 30K from SSI, it seems that they would stay in the 12% tax bracket top of about 77K. 

I'd stay away from regional or national banks to be honest.

We did not agree to liquidated damages for early termination - given the exclusive nature of the community, the extremely high commission cost, high property costs (taxes, HOA, etc) and the fact that it can take anywhere from 3 weeks to multiple months to rent it out (at high carrying costs) - we depend on stable multi year tenancy for the numbers to work out.It’s critical that when the tenants renew, they stay for another full year.

Like I said, I currently live in Chicago, enjoy it and would rather not pay rent, but don't know how long I will stay here.