Things can get hectic down there, but if you're committed to City living, you can't go wrong with River North.

@Mei Zhu A lot of investors look to the kitchens and bathrooms as areas to save and I believe its the wrong approach.

@David Narvaez My partner used a CPA the past two years and both got the real estate portion of her taxes wrong.

I have had friends buy a great condo and then didn't read the docs well enough to know that they limited how many units in the building could be rented out at a time.Remember that there is no right or wrong way, it just depends on what path you are most interested trying out and feel most comfortable with.

You can start a business, trade, or just get promoted at your job - nothing wrong with that.

Our opinions on these forums are just that, and many of us are wrong.

Patrick Philip if you're waking up in the middle of the night to replace water heaters you're doing it wrong.

In my life outside of real estate, I worked in Information technology where I have participated in the creation of open source software as well as documentation published under creative commons. lots of license thinking to borrow from.It has always felt wrong to attempt to monetize everything associated with real estate investing.

The shame of it is that it can take a year and a half and $50,000 + in legal fees to just clear your name, even if you didn't do anything wrong.

There is a lot of critical information, and if the purpose is just "practice", then you would be practicing wrongly.