They have hired a great real estate agent and tied her hands by giving her a dead website to work with, minimal marketing for the project. 

.▪ Institutional OpEx benchmarksA one-liner that ties expenses to actual operator averages helps align expectations early.▪ Brief risk/mitigation bulletsDoesn’t need to be heavy, just shows we’ve already thought through the downside.Those couple of additions have made conversations with lenders much more efficient on our end, especially when moving from preliminary interest to real underwriting.Appreciate you sharing this, would definitely like to take a look at your full checklist PDF as well.

I'm tempted to cut my losses at this point.

The demand is usually steady year-round in Chicago for that group.That said, here’s how I’d weigh it:If you go MTR:You’ll need to furnish it properly — not fancy, but turnkey: queen bed in each room, blackout curtains, comfy couch, smart TV, solid Wi-Fi, a stocked kitchen (pots/pans, utensils, coffee maker, toaster), and a simple desk setup.Expect about $4K–$6K upfront to get it guest-ready if you’re starting from scratch.Cleaning and turnover management can be automated (Turno app or a local cleaner), but there’s still some coordination involved.Since you’re near a hospital, list on both Furnished Finder and Airbnb (30+ night stays) — that combo usually keeps you booked.If you go LTR instead:You’ll save yourself the time and mental load of setting up a new system while adjusting to newborn life.Even if the rent’s lower, you’ll get steady income and less stress, which might be worth it right now.Winter leasing in Chicago:Yeah, it’s slower — especially December through February — but MTRs tied to hospitals stay active because medical contracts don’t follow the same seasonality.If this were me?

I use that a lot in my daily life as a broker in Reno, NV educating clients on investment decisions and in my own rental acquisitions.I also worked for an institutional flipper for two years (Wedgewood) as a project manager and flipped 70-some-odd houses for them which really helped me cut my teeth on construction management.It really depends on your strategy, but ultimately it's playing long.

I think that means I have to wait at least another year for a rent increase as they will tell me I missed this year's window.They said the rent increase ban is in place because their funding was cut 46% unrelated to the shutdown.

That alone makes the advice feel real and actually usable.I also appreciated how he ties current and future trends into investing.

@Janel YorkI use a virtual mailbox not tied to my home address.

I had to cut ties with them because of it.There is currently a RE guru local to me that is "teaching" people to buy preforeclosures subject-to and then resell with terms/strucure that blatantly violate Dodd-Frank legislation.

Tie rent to credit reporting.