Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

As we continue to grow, it's becoming clear that we need a solid system to manage all our leads, nurture those leads, manage owner relationships, and property details so nothing slips through the cracks. 

I actually have two south side chicago properties right in that pocket of Greater Grand Crossing.The key here, more than anywhere else, is proper tenant screening and property management. 

i use apartments dot com for screening

(Avoid managers who profit from repairs.)How do you screen prospective tenants?

Both companies provide a Customer help screen that could answer your questions pretty much immediately.

It’s a faster path to big returns if you crack it.Why Choose It: Economies of scale, higher income potential, and a single asset to focus on.

I recommend you educate yourself on how to screen an ESA before someone takes advantage of your ignorance.

Again, the key here looking for properties that need work so you have a better crack at cash flow. 

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.