We can also provide some recommendations on how to build your team and how to setup the project for success.

If you're looking to invest long term and build a portfolio, I'd recommend going with a 2-4 unit and take advantage of the VA financing.

Need a new roof in a 3-5 years, you probably want to be pretty liquid (year long CD, Money Market, maybe very short term bond fund etc) for those funds.On a condo board 15 years ago, I  was once able to get us into some nice CD's a decade ago that laddered with the useful life of components.

The house currently rents for $1450/month, we have long-term tenants, and we use a management company.

I'd love to try the mid term rental strategy with the property we find.

One thing everyone reading along should consider is how long it would take to repay your investment in a $10k, 20k or even 30K class by earning 5% on your money.

We're considering selling the property due to challenges of long-distance management.We're still interested on investing out of state and plan to gradually scale our investments over the next few years, focusing on areas close to Illinois, like Wisconsin or Indiana.Any suggestions on how to approach selling our multifamily property and buying in Wisconsin or Indiana in the current market would be greatly appreciated.

This is just the price of the option and I prefer the term because deposit often carries other definitions and expectations.

We'd love to hear about your own experiences and tips for making a Co-Living business successful.

All of those are "part of doing business". 3 years, 7 Airbnbs and hundreds of guests later I'm still a proud host and a big fan of the mid-term / short-term model!