Hi Chris, When considering areas for real estate investment in Chicago, it's essential to evaluate various factors like market trends, development plans, and neighborhood dynamics.

Which broker do you recommend if I plan to work with them on part-time and still keep my 9-5?

I live in Houston, TX, and I plan on starting in the short term rental hosting business.

Yes, that is the plan.

Conduct thorough market research to understand rental demand, property appreciation potential, vacancy rates, neighborhood trends, and economic indicators.Please take some time to review your financial goals and develop a strong financial plan for acquiring and overseeing new properties.

I recall a case where a court held that the act of having engineering plans drawn up was the first act of visible construction.A quick review of DC's lien provisions appears to show that a sub's lien rights relate back to the date of first work and the sub has up to 90 days after completion of the project to file so someone who close on a purchase of the improvement 60 days after completion may wake up to find a lien has been recorded the next day so it's not gap matter, it's a post-closing matter.

Do you plan on living in it or is this for investment purposes?

The plan is that I would refinance after the property rehab to pay off the HELOC and the rehab costs, then probably just keep it as a DSCR loan or refi into a 20% down conventional.

And don't forget to think about property management, whether you plan to handle it yourself or hire a professional company.Before purchasing your first rental property, it is important to conduct a detailed financial analysis using tools like real estate investment calculators or spreadsheets.

It's all about finding the right parking, floor plan, and neighborhood to make it work.