A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

•Pricing slightly under market can speed up leasing and help you avoid unnecessary vacancies.

Now having a trust to avoid probate, care for young children or folks not ready to inherit large sums of money yet are very good reasons to have trusts.

We have concerns about the ordinance's potential to drive investors away, cause unnecessary evictions, and the complexities of compliance.

I've heard mixed opinions about wholesalers getting their broker license some say it's beneficial while others claim it's unnecessary or even limiting.. what's your take on it?

Maximum impact without unnecessary overspending.6.

.✅ Knowledge of Chicago Rental Laws – A good property manager stays up to date on local laws, helping you avoid costly legal mistakes.✅ Maintenance & Repairs Handled – No more emergency calls at 2 AM about a broken water heater!

Hoping to avoid added competition in auction haha. 

I need some tips for investing when your immediate home is a HCOL area. In North Jersey, buying is difficult from my beginner perspective with high prices, property tax, etc.
Barrier to entry feels high in my area. It...

It will only create unnecessary hassle and cost.