I agree with the closer to the metro the more expensive a property is, but also provides more opportunity.  

If we rent the unit at $1,425, I have an estimated monthly cashflow of $302 (rent at $1450, cashflow is $325) I DO include vacancy, repairs, and cap exp in my Box2 Expenses.

I came in and paid his arrears plus his escrow shortage on top of putting money in his pocket. 

Hi,Thanks everyone for the input.I just checked back and a 1099 was issued, and we paid the taxes.

OOS investing is more expensive.

The partnership is now paying interest expense on a $1.5m loan. 

Flips have done good not great, Air Bnbs are going good not great, and rentals all were brrrr'd perfectly but like most cash flow just enough to pay the bills and cover expenses.

The right side have 2 bi weekly paychecks deposited to it and then paid expense on the 25th.

We're looking to transfer this into an LLC for liability purposes.From what I can tell, the best way to do this is to retitle the property, pay Chicago's expensive retitling tax, and set up an operating agreement, all of which likely requires a real estate lawyer (what $ base do we use on the tax, given we aren't selling it to ourselves, just transferring it?). 

Quote from @Andrew Katz: My tenant paid a portion of their rent for December on 12/31/24 (late).