What's the best steps/classes to take in Chicago to become one? 

It's all about realistic expectations.We've dealt with many newbie investors, that despite extensive chats with them to try & set proper expectations, buy a Class C rental - yet expect Class A results. 

If you go into this asset class you are going to deal with court filings for non payment so that will be a pain.

Another example of the importance of understanding Property Classes and market geographics!

My strategy is to invest in C to C+ class properties that do well in good times and bad.

I would suggest probates, liens, bankruptcies, and class B/C/D landlords with vacancies (see if you can find some migration data).

Read up, tune into talks, and watch online classes about different methods in investing, deal checks, finance options, and taking care of property.

When the balance comes due they could do a 1031X into a new property of the same asset class..could also do a 1031X from the proceeds of a conventional sale.

There are three types of series LLC: (i) registered LLC, (ii) protected LLC, and (iii) series LLC that doesn’t fall into registered or protected LLC class.

City is currently suing the Bureau over this.We've got data on Class A vs Class B vs Class C vs Class D cities and neighborhoods in the Detroit area.So, PM us if we can help:)