It would be nice to have my back-burner website cooking away a few deals though.

I’m worried about liability, safety, and frankly, whether my personal belongings are at risk.I’m in Illinois (but not in Cook County or Chicago, where I know the laws are stricter).

Great answers here.I'll throw one more in the pot: we help with this at STRLocator (finding STR, MTR and LTR properties that will cashflow according to your financial goals).You don't have to start with a mortgage or BRRR; you can start by arbitraging.

Seven years is a lot of time for someone to cook meth in the bathroom and destroy a home.Why wait until the lease is over?

Are they ventilating after cooking?

My biggest piece of advice is to get a killer rental agreement/lease for Cook County.

I just bought my first rental property in the Chicago area northwest suburbs (Cook county).

Despite the red flags—like the inferior kitchen renovations, an inspection report that didn’t tell the whole story, and a seller who tried to take the appliances that were contracted to convey —I was pot committed.

Quote from @Taylor Cook: Have a family member whose health is rapidly declining.

However, investing is a bit like cooking; cash flow is just one of the ingredients needed to keep things moving, but it’s important to consider other factors to make it a tasty dish.