(Investor means huge firms like Apollo, Goldman, Blue Owl who buy the individual loans, package them up and sell them as bonds) The dozens of programs all have very slight but very important differences that effect pricing.

STRs provide a better opportunity for cash flow due to the higher daily rates, however the involvement is clearly increased.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

Are there any tricks to establishing this legal entity, or do we need to just accept that this is how this part of the industry operates, and either get with the program or find something else to do?

If the average stay is 7 days or less and you meet the material participation requirements (including at least 100 hours and being the most involved individual), an STR can sometimes be treated as non-passive, even without qualifying as a Real Estate Professional.

I'm very upfront about the work involved, but the rewards have been fantastic.

There are options at less than the six month mark but there just less programs so there will be less good options to choose from. 

Look for ways to sequence the moveBefore selling, I’d explore low-down-payment options, down payment assistance programs, partial renting, or waiting 12–24 months. 4.

Hey Chicago investors -I have a specific question regarding the Cook County AHSAP (Affordable Housing Special Assessment Program).I am under contract on a building in Phoenix, IL, that just received its formal AHSAP approval letter (25% AV reduction) from the Assessor.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.