The appearance of these conflicts is the exact reason we have chosen not to set up a separate maintenance company.4) As others have said some of these might be security deposit issues.Best,Rick  

We were set to close Friday (December 6, 2024).

I did not attend the 3 day class, but purchased the self paced virtual version with the mind set that even if I only learned the how, it would be worth the spend long term.

It’s humbing and frustrating, but it also teaches you those guardrails you’ll want next time.. like thorough screening, a solid lease agreement that sets ground rules upfront, and maybe even setting aside a bit more cushion in reserves.Chicago’s got plenty of investor-friendly pockets.

Unless I'm mistaken, the contract between owner/landlord and PadSplit doesn't have a defined monthly rent but a target/goal of monthly income (so it's hard to use that as lease).

Quote from @Michael Poloncic: Three individuals signed a lease together, all friends, the lease is set up where each of them are expected to pay 1/3 of the rent.

Forcing appreciation on properties requiring work is a longer term goal but I’d like to start with a simpler project.  

What was your goal when purchasing this property?

The second year we only spent $25,000, and achieved our original goals.  

Los Cerritos Wetlands Oil Consolidation and Restoration Project (California): This project demonstrates how public-private land swap arrangements can be aligned with environmental restoration goals.