im still buying but Im using a little heavier down payments in order to keep loan payments down a bit, and being SUPER cautious  one of the reasons I think its going so strong is the pot laws. 

Hey All.Long time listener, first time caller :)I heard somewhere from all of my books, discussions or maybe I have cooked this one up.

My Response: "It was there yesterday...but there are hobos outside in the front yard cooking with a fire barrel & I'm not allowed to tell them to scram...."  

Had a brand new stove that had been a wedding gift in the home they broke the glass cook top and busted the door on it.  

I also saw on Facebook that their son was into pot and they owned a dog that they didn't disclose on the application.I denied them quickly and they tried to lie their way out of it.

There could be plenty of pricing models1) Like Diet.com people would put money in a pot and the one that doesn't prospect loosing out2) Charge like Coach.me, $15 a week3) stickk.com is another similar site with models where people donate money to charity or loose money to an anti-charity if the tasks are not done.Thoughts?

In doing this I earned about $150K in equity from the get go, and I'd like to use the house to build further equity as the area cooks and then 1031 exchange in 2-5 years and buy something larger. 

It is heartening to see tenants make their rental their *home*, when they plant pretty flowers in the beds, flower pots on the porches, keep everything tidy and trimmed, put nice seasonal decorations up.  

So if I can flip 3-4 homes every 60 days this year at even $5K profit after taxes per property, that's still $100K+ per year more to add to the pot to do even more the next year.

I know this because I was screening people recently and came across someone who had a conviction on their record, I think it was in McHenry county so I would think such a thing would exist in Cook as wel.