If piti is $1100 and rents range from $1000 to $1200, conservative underwriting would use the lower of the rent range, we have $1100 rent - $1000 PITI - $120 PM  - $50 (vacancy) - $300 maintenance/cap ex - $50 misc (tax man, asset protection, book keeping, utilities that are not tenant responsibility such as for a slab leak, etc) is about negative $420/month. 

Just double-check with the Illinois Department of Financial and Professional Regulation (IDFPR) to make sure you have all the specifics covered.Managing Broker and Deal Visibility: Yes, typically if you hold your license under a managing broker, they’ll have visibility into your deals since they're ultimately responsible for the transactions you complete.

Hey @Brody Veilleux, absolutely, QuickBooks Online and other software that have a "bank feed" feature allow you to connect as many financial accounts as you like and the transactions flow into the software automatically.We use QuickBooks Online exclusively for all of our REI Clients.

I'm currently listening to Real Estate by the Numbers and just learned about Personal Financial Statements.

They were impressed how organized our paperwork was.Notice I didn't list asset protection?

I’m looking for some guidance on my next steps toward achieving financial freedom through real estate.My long-term goal is to acquire enough rental properties to secure my financial future.

It was an effective strategy to keep the project moving forward while maintaining financial liquidity for other investments.

It was an effective strategy to keep the project moving forward while maintaining financial liquidity for other investments.

Regarding asset classes, there is almost no barrier to entry on cost since most land flippers do their first deal and make like $4,000 which makes it an option for some to start.

I need the asset to perform 365 days of the year, so I am exploring medium term- 1 month medium stays.