If you’re not well-versed in lease agreements, security deposit rules, or eviction procedures, you could run into trouble.❌ Emotional Stress – Handling tenant issues (especially late payments or evictions) can be stressful, especially if you live in the same building.Hiring a Property Manager in ChicagoPros of Hiring a Property Manager✅ Less Stress & Time Commitment – A property manager handles everything from finding tenants to collecting rent and coordinating repairs.

And the elected officials and tenants wonder why rent keeps going up so much.I have been having to put in a lot of fire systems in properties we manage. 

This deal, i used my first successful buy and hold property and pulled a HELOC to secure financing and reserves.

What strategies do you recommend for securing hard money loans for spec builds?

I have been analyzing a few deals but havent officially set a method for tracking maintenance and expenses.

Which one is more appealing - continuing to own the house or the security of that much cash/liquidity?

I haven't seen an official news source yet.

If before getting a permit you have to dance around for Code Dept officials/ city gov and crime is thru the roof, investments will definitely be low whether real estate or other, but it should be benefiting the city officials to keep things that way.

The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.

I’m curious about how much time you all spend prepping for tax season before your CPA (or tax preparer) officially files your returns?