Instead, he seems focused on discouraging me from setting up an LLC due to the fees associated with California.

I started by setting aside a percentage of my income every month, treating it like a non-negotiable expense.

Develop a clear set of criteria for onboarding clients and stick to it.

We found that we were often outbid by novice investors or that the bank set a reserve price so high we couldn't make the numbers work.

Research local market rates to set competitive rents, and consider offering utilities or furnishings to attract tenants.

Teach an introduction to real estate class with in a high school setting!

As your base level of knowledge grows, you will start to develop a clearer picture on the things you want to do, and where you skill sets lie, which can narrow down who you may want for partner.  

(B) Setting a "code of conduct" for the "if".

Switching property managers seems like it was a smart move, especially with how much you and your wife had to step in before.Chicago definitely isn’t an easy market, but it sounds like you’re set up for better success moving forward.

Nice user interface, simple to set up, free door lock automation.We migrated to OwnerRez because we wanted a direct booking site and security deposits.