Or if I do, I'm going to require extreme diligence, escrow, and my bid would not be what you want.I aim to buy great locations that are a bit distressed, fix up and manage the property management through my own venues.

Rates to get to be sub 3% again in the short-term would require a devastating recession.

@Puneet Mahi what about the required real estate brokers license to manage properties you do NOT own?

I can't speak to what time these slobs left as I don't require notice but the cleaner was there promptly.  

If there was a landlord I could see them demanding a 3rd new one because it’s a state requirement.

Insurance and LiabilityWhat type of insurance is required for a renovation project in Chicago?

The house, built in the early 1900s, was outdated and required major renovations.

Thats the requirement - to sign the deed restriction. 

@Grace Norton adding to what's been written already, you'll want to get a 2-year work history for both.To consistently pay rent, requires consistent income, which requires consistent employment.Pretty simple concept!

Being a Section8 HUD building, there was an immense amount of paperwork and due diligence that was required.