It’s the initial loan that’s more the issue.

I can say for certain my top 2 moments of the conference were the initial guided networking session lead by Andy Gil, really was a great small group of investors and I'm confident I'm going to consistently keep up with their journeys!

Your initial post was unclear whether the water bill was $2k/month or if the balance was $2k because they weren't paying you for it.

That said, the initial investment might be higher, and managing an older property here could come with its own set of chalenges.Subs: Naperville, Glenview, and Oak ParkOn the other hand, suburbs like Naperville, Glenview, and Oak Park offer a different kind of stability.

By year 5, I will have a 100% overall return on my initial investment of only $24k!

Initially, I was hesitant about buying property due to the potential expenses, but I realized that approaching real estate as an investment could yield the financial freedom I’ve always aimed for.The Start of My JourneyIn December 2023, I decided to devote my spare time to real estate.

It's been ~6 months since the mayor did the initial sweep.

The owner had no clue and didn’t initial the “liquidated damages” clause.

It reduces risk by lowering your leverage, and once one property is paid off, that cash flow can then help pay down others even quicker.A balanced approach might be to focus on acquiring a couple of properties initially while keeping some reserves, and then reassess based on how things are going.

Remedy after termination.If the rental agreement is terminated, the landlord may have a claim for possession and for rent and a separate claim for actual damages for breach of the rental agreement, reasonable attorney fees as provided in § 55.1-1245, and the cost of service of any notice under § 55.1-1245 or 55.1-1415 or process by a sheriff or private process server, which cost shall not exceed the amount authorized by § 55.1-1247, and such claims may be enforced, without limitation, by initiating an action for unlawful entry or detainer.