If you don't have the vision to have MANY airbnbs in Champaign I'd suggest figuring out a strategy you have a long term big vision.Pros:  High cash flow (if done right), typically properties are oddly better-taken care of, sexyCons:  Management/system intensive, always on call, regulation can change things instantly  

If you have any questions feel free to reach out I enjoy helping and making sure BP members are on the right path.  

The purchase price is $275,000 and contains 1 commercial space on the first floor (convenience store) and five apartment units on the second floor. 

Do you have any advice on how to start the eviction process?

Due to more favorable loan terms (and a bit of impatience/ignorance on my part) we went the traditional financing route for the property, with my wife and I both being on the loan. 

Speaking of community, do you happen to live in Des Moines, IA based on your post?

Relying on others(wholesalers, agents, etc) will have smaller margins, sometimes there's great nuggets.

Plus, once you do enough flips or BRRRRs, you’ll inevitably overrun, mess up, or otherwise lose money on one.

When taking on a rehab project, do you prefer high-end properties or affordable housing?

Eg if the bedrooms are all upstairs and the only bathroom is on the on the same level, then adding a half bath to the main floor would be handy as guests wouldn't have to go upstairs to use it.