Quote from @Vanja Dimitrijevic: Hello, I've been researching BP podcast and resources and am looking into buying another property to downsize from the current one but wanted to use the equity in my current house to purchase a new house in the area.

By 2030, we want to have grown a portfolio of over 100 units, created a property management company that manages an additional 100-200 units, and, finally (and most importantly), we will have established a non-profit that is focused on quality, affordable housing that specializes in providing housing and resources at/on the "services cliff" alongside financial counseling and first-time home buyer education in our target area.Our target area is the Springfield, MA and Hartford, CT areas with dreams to expand to Central Massachusetts (Worcester, MA), Southern New Hampshire (Nashua, NH), and Southern Connecticut (New Haven, CT).Would love to meet up with likeminded individuals in our area!

I notice you didn't say you'd actually seen the tenant's policy.Are they properly licensed?

Can someone guide me / point me in resources on my options?

The reason is that one wants to be able to properly avail themselves to the laws and protection of the corresponding state where the property lies.

I get the desire to own outside of Chicago proper, but instead of going to another state altogether, why not invest in one of the burbs?

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

It’s such a great resource for learning and connecting with like-minded investors.