I exited the market due to the short term rental regulations - properties that are rented under 90 days are considered short term.

Often they like to ultimately buy their properties and will pay over market value so they don’t have to uproot the established program to stay in the home they’ve been renting.

If you want to run your investment like a business you 100% need to establish a solid screening process that makes placing tenants in the future easier.

Did you know before it happened, that new regulations were coming regarding condominiums that now makes a large number of people both regret buying and now not being able to afford the  payments on the "great deal" they bought a while back?

@Paul Lucenti  "I don’t believe there can be a bad asset - if something is lining your pocket and you are establishing equity, that really cannot be bad.

Understand Chicago ZoningChicago’s zoning regulations vary by ward.

🙏☺️ I completely understand where you’re coming from & you’re right that owning real estate is a key step toward truly being an investor.I’m still new to the game, but I have a solid plan in place to move toward ownership & establish myself as a real estate investor.

Eliminate debt, establish a budget, and save.

After establishing or continuing it as a rental, I'd like to move there myself for at least half the year.Question: What are people's general opinion on PR in 2024?

As long as you listen to your insurance company's regulations as well as your local ordinances you should be fine.