As far as what to tell them, you simply say that you're listing it for $1,700/month and are not willing to lower the rate.

Simply start by introducing yourself and why you’re interested in the business.

Some of our owners have accidentally thought they were handing a situation "right", and because Chicago is a very tenant friendly city, the laws tend to lean in their favor, and it can cost you a lot if you are simply just not up to date on what is proper protocol (for example, what to say, what not to say, what to have in writing, and what not to put in writing, etc)... can be worth the management fees.

If the due on sale clause was triggered you simply need to be prepared to refinance into a new loan. 5.

You could also consider doing some value-add projects (if you have time/know how) to build even more equity if your specific neighborhood supports higher values for the improvements.You said that you like the idea of owning multiple investments and having the option to sell some down the road.Is it an option for you to stay where you're at and simply build a portfolio of other rentals in the area?

This is simply my personal choice and I can afford it.

They simply want to put their money to work.

Tenants simply can’t afford them and move out.

Less people simply don't move in the winter.

If the house has a septic system, especially if it's an older one, it's worth the investment to have a septic inspection done.This concern is particularly relevant for those planning to buy and hold the property rather than simply fix and sell it.