STR regulations have been a VERY hot topic here for the last year (and even beforehand).

We help our clients do exactly that — evaluate properties objectively, stick to their buy box, and make sure every deal fits their long-term goals.If you'd like to see how we structure our analysis or want to review a few sample deals, we’re happy to share insights.

The property will last forever, but if rates go down, you can always refinance later.

Here are title cost numbers from my last deal in Lake Oswego ($625k sales price):Title agent fee: $1100Owner's title policy: $1425Recording fee: $350MERS: $25There may be transfer taxes depending on what county the property is in, as well.Chris

Your development deal will look much like a flip in the eyes of the IRS since it is 6-9 months as well you'll have the short-term side of taxes, not the capital gains taxing on it.  

It's an 860sf unit, so it would be right around the $2.00/sf mark as a LTR, if not a bit higher.I inherited an existing long-term tenant in the first floor apartment, so that unit isn't in nearly as good shape as the fully renovated upstairs unit. 

Granted, once in a while I, or anyone in the “game” long enough, will be able to buy under current value - yet interestingly enough this isn’t necessarily where the greatest profits lye.  

Its not near any major cities where someone might look at it as a long play for path of progress.Another option might be to see if a solar farm or wind farm company might be interested once its clear cut. 

So consider how long the lease-up will take:Is there so much rental demand that you can show it during the late stages of reno and get a lease signed?

It sounds like you're looking to balance immediate cash flow with long-term equity growth, which is a solid strategy.A few ideas to consider:Local Networking: Connect with other investors in your area or in Milwaukee who might have deals they can't take on themselves.