However we do circle back to the investment in the first place and it appears the investors did not understand the risk ..

The discipline to run on a budget for a number of years or decades depending on your math, doesn't factor in emergencies or market changes where the HELOC could be used to invest in other places.

It's an amazing place to learn and grow in real estate.

Section 8 works best for me when you can place a good tenant in a decent community.

The garnishment has to be filled in county clerks office and the paperwork is served to the ex-tenant place of employment.

This STR would also be a place for us to block dates off for ourselves between work contracts (if we want to), which adds a slightly more personal investment in this one. 

You are in the right place to connect with other investors here in the Chicago area.

Put the dryer in place and put the door on. 3.

While there a few places where you can have an STR, you need to make sure you do your homework.

Your first hire is unlikely to work out though, was you won't have a good hiring system in place. - So, recommend having that first hire document the crap out of what you want them to do.