It is a completely fresh start-the-right-way kind of deal.

I’ve seen it happen...Anyway, here’s a great summary, courtesy of the amazing @Avery Carl, of the kind of numbers you can expect down south (including complete pro formas).

That was kind of my thoughts is I got quoted for 8.9% on a HELOC but running the numbers on a long-term rental just doesn’t make sense. buy more doors and let rent and debt pay down and equity do its staying overtime but there’s also a lot of pucker factor if everything doesn’t go according to plan. 

I ended up spending $500/month on a personal assistant that takes care of all this kind of stuff for me and both my sanity and my tenants have been much happier 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.

I feel it's time for me to provide you with the same kindness, Good luck James, No earth shattering inquiries here.  

my family helped with that one as well, they'd go look at listings when they hit the market and do a kind of a pre-screen. 

So what kind of living conditions will this family end up in? 

I'm interested in learning all I can about this kind of stuff and wanting to dive in and have rental pay my monthly mortgage!!!

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