In IL it is legal, and a great way to pick up clients.

Will make sure HOA is ok with it#2 I ran numbers today and I'd be the same at 3k/mo as I would long term'ing it (paying our friends $300/mo to manage (and upwards from there as the price increases above $3k), but would still need to buy furniture in addition.

If I offer someone Fannie AND "alternative" with horrible rates/fees, the number of people who think I'm trying to scam them (and, thus, take their business elsewhere entirely) is actually higher than the extra business I pick up by offering that alternative.

I’m hoping to be able to pick up an additional 3-6 properties per year.If you were going to hire someone to find properties, what process would you follow (I found a young man who was previously a real estate agent and is very hungry)?  

That said, if I were picking up a property like this I would want to have a decent amount of cash on hand for whatever issues might come up.On rents, I'm getting 1400-1500 for a 3 bed 1 bath (same small bedrooms) in Little Village, but that is all the way on the other side of Little Village, near the California Pink Line and Pete's Fresh Market. 

Additionally, he left all his tools at the worksite and I message him to get in touch with me to arrange for pick up. 

Total access to funds: $160kPreferred type of investing: Flipping single families and/or buy and hold multi-families I would like to pick up more properties (especially apartments in the 4-12 unit range), but given the fact that most money is investor money, would need to know how to consistently get the money back out to them. 

If you really grind you could probably pick up a deal in a month or two

Good afternoon Bigger Pockets folks,My wife and I are Realtors in Georgia and we've been kicking around the possibility of picking up our first STR.   

You may also want to consider how far out you would be extending the amortization schedule again (ie. if you pick up a few hundred in extra cash flow, but the loan is extended another 5yrs, then it may not be super beneficial). lastly, you may also want to chat with your CPA...