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Updated almost 15 years ago,

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2
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0
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Josh Allison
  • Homeowner
  • chicago, IL
0
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2
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New here

Josh Allison
  • Homeowner
  • chicago, IL
Posted

Hi,

I'm new to the forums. In April I bought a 3 unit building in Chicago. I live in one and rent out the other two. It seems like most of the topic are geared toward people who don't live on the premises of what the rent out. At the moment I am bringing in $200 a month more in rent than my mortgage, taxes, and insurance. It seems like those are some good numbers to be working with, but haven't really found anything on here to compare.
My plan is to get this paid for, then save up to buy another 3 flat. I am just doing this on the side. At this point I don't want to own more than 3 buildings.
I may not ever buy that many, so far this has been the single most stressful addition to my once simple life. Does the stress lessen over time?

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