My business partner and I just opened up our property managment company in the Chicago/Chicagoland area and it is not easy to do this the "right way".Honestly you can get yourself into some serious trouble if something happened with a tenant, an injury, anything and they sue and find out you don't have a license.

Thank you for pointing me to Passive pockets.Thank you again for your insights on returns in bull vs bear cycles.

Two weeks later, the client locked down a deal that appraised well above their initial projections.If you’re serious about pushing your boundaries..maybe setting your sights on Chicago’s undervalued neighborhoods or San Antonio’s quieter pockets..let’s talk.

Hey @Matthew Giblin - I'd have to echo @Shamar Gregg, Chicago offers a great section 8 program through the Chicago Housing Authority (CHA). 

Lightbulbs, batteries in smoke detectors is on them and written in the lease.You can really do whatever you want if it is written in the lease contract but bear in mind they don't own the home and won't care on certain things.

BP Community: Hope you’re all enjoying the bear market!

So many people gloss over properties before truly evaluating their pro forma rent.Also, I think it's a great point about this strategy working in higher rent/gentrification areas of Chicago..it seems counterintuitive.

The only reason I've heard of Morris Illinois, is beacuse our family used to drive to central Illinois to camp and boat, and Morris is directly on Route 47.Are you currently investing in Chicago or near you in Joilet @Scott Meech?

First American and Chicago won't do them and Fidelity and ORNT last I heard would consider it with an affidavit that the purchase price was disclosed to the buyer, which basically defeats the purpose of a double close.

Hello and welcome @Bhakti Patel to BiggerPockets community and specifically to the Chicago real estate network!