Oh, I see, the mortgage amount outstanding when you sell is less, so your capital gain is increased by the amount your principle increases.If that is right, I am still confused by the idea of the capital gain for the first year including a capital gain that will not be taxable until you sell the property, and then, it will be taxable at capital gains rate, not at regular income tax rate?  

Any reasonable judge will see the truth.  

See the pics.

On one hand, I understand there is security in a long term lease, but STR’s are so much more profitable, so on the other hand, it’s funny lenders don’t want to see the additional cash flow/reservations. 

You can analyze unlimited deals and you really start to see the numbers and how they come together. 

(If you want to see the house go to Zillow and search on 228 Gardner Rd.

I have had 6 people sign paperwork to buy the home over the last few months, but even the cash offers have pulled out when they see the price of Homeowners insurance in Louisiana right now.

When I first considered buying in the US I considered North Chicago as I know and like it but I'm aware of the high property taxes and question the longevity of the market there with a declining population and all that.I live overseas currently so any purchase will be remote for me and I will get it managed, I may never even see the place so I'm quite open to where I could buy.I wanted some thoughts on the best places to invest?

Yeah I agree with @Luke Carl this is Airbnb's new thing, the see the nightly rate you are really going to get.

While most can see the beauty of a first right of refusal, I have not talked to any that believe it is fair to the homeowner.