Too many newbies seem to think they can blindly follow "old" advice in today's real estate market and be successful.Many, basically get taken advantage of by those in the industry that have an incentive to keep newbies blind to new realties, just to keep their good times rolling.What many newbies have figured out is that they can't make the numbers work on rental purchases in their states - like California, Arizona, New York, New Jersey, Washington, etc.What they have NOT figured out is that if they go to cheaper markets, they aren't being shown Class A rentals to buy.

Focus on LocationChicago’s rental market varies widely by neighborhood.

Do you or most landlords comply with the city ordinance to get their properties inspected & registered by the city?

Originally posted by @Lauren Lewis:Looking to connect with fellow local investors!

Don’t be distracted by people with other plans and ways.

I am with Suncoast currently.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

I know this is above and beyond what most municipalities require, but being fair will make the whole process easier.Additionally, a new landlord can reduce the 60-90-day notice by offering more moving assistance (cash and/or labor) if they move sooner rather than later.

I'm a financial planner by profession so you'd think the default answer is, "heck yeah, always hire a planner!"  

Pay it off and then buy a new primary and turn your current home in to a rental.

Originally posted by @Steven Lee:Alpesh,Unfortunately, your Loan to Value (LTV) is at 70%.