If you buy a hot water heater for the other unit, you can write off 100% because you have no personal use of that hot water heater. etc.

@Jonathan S. you'll get burned if you buy real estate rentals and do not, "manage your manager".Even the BEST make mistakes and no one can catch every mistake.So, it takes a team effort between a PMC and an owner to make it work:)

And one simple question...Are you going to buy more investment properties, or invest in any way, in the future?

Given that I'm not positioned to buy just yet, and simply running the numbers, is there a rule of thumb for estimating insurance costs that would make sense in Cook County?

You buy today so that you pay less than if you were buying when you retire and hopefully you make some money along the way.

Investment Info:Single-family residence buy & hold investment.

For example we opened buy/sell agency from being exclusive to portfolio clients now open to all.

I would sell it and use that money to either buy a rental property or invest elsewhere.

He’s only 55, he can enjoy his retirement, golf, etc for a few years and buy back in when he sees a good opportunity.

Otherwise, you will have to explain the large deposit and possibly the source of the funds to buy the crypto.You can expect to need about 20 percent of the overall costs of the purchase and rehab.