Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.

That's not worth 15% of the job.Another thing to consider is that some managers will charge low management fees and then add maintenance fees to bring in more income, while others charge high, all-inclusive management fees.

NW Chicago is very expensive as a rental.

We are based of course in one of the most expensive places to live yay to that.

You won't find a great software for free or a low price.

One thing you might do is sell your more expensive properties and buy less expensive ones. 

With a low 4.75% rate but minimal cash flow ($50–$125/month), your equity could likely work harder elsewhere.

Not that I'm a proponent of borrowing just for a tax break, but the interest is a deductible expense. 

With down payments as low as 5-10%, plus low property taxes compared to the U.S., investing in German real estate is more accessible than you might think.If you’ve ever thought about owning property overseas but felt intimidated, stay tuned.

@Jason Dubon I use a percentage of the rental income to prepare for expenses.