If it were my kids and there was bad water I would own you right now and take it to court versus fighting you over 700 bucks and then have the judge throw down a harsher punishment.

Chicago is a complex beast of a city with literally hundreds of suburbs, each having their own nuances.

On the other hand, separate LLCs for each property provide better protection but are more complex and costly to manage.

I have 2 properties in PCB and i live in Atlanta.key thing, you absolutely have to have a great cleaner. they will make or break you.then other things, maintenance person, know your emergency 24 hour service people (plumber especially), and contact if you are in a complex for example.then there is technology stack that can help you automate things. if you do a search in this forum, the tech stack is asked quite frequently and discussed

Waivers usually do not hold up in court.  

I had previously contacted the landlord and he said they had no problems with her, and this was the 2nd property of theirs she has rented, but apparently, that was a lie because I found the court documents about the eviction notices. 

I am also seeking a CPA who specializes in the complex world of real estate investors.

The ball is now in your court.

But this model would help in getting together the necessary funds (especially for a down payment and minimizing the potential interest on a loan), while bringing in legal complexity.

- There should small claims court etc before going to full fledge lien- Any suggestion, how to avoid such situations?