I usually adjust temperature right before a check in to make it comfortable for guest.Love the Honeywell 9000 color touchscreen thermostats.They also allow me to locking a temperature range so the guests can't set temperature to 60 in the summer.

But once you see that $16,000 of the $20,000 are prepaid homeowners’ insurance and property taxes (that you'll be writing a check for shortly anyway), you determine that the actual one-time closing cost is only $4000.

I'm also on the board of CFRI, the local chapter of the National REIA so that might be a good resource for you to check out too. 

I'll have to check and see if I need attorney or not, does anyone know if the building is in an LLC and I am a member, can do pro se in Dupage County?

If you get a lot of properties it would be fun to have the first tab pulling data for metrics on portfolio performance, monthly cash flow, expenses, etc.

I did a background check and was able to look up his many properties across all states so I really don't have concerns he doesn't have any assets.

They'll want all the normal stuff; bank account info, LES for several months, hard credit check, etc.

I'll have to check that one out!  

But now I'm getting check from the title company and have to put that in the bank. 

I checked out ab968, looks like pre / foreclosures might be a good way to go if I can find them. thanks everyone for the responses, really great info. im actually starting to see more deals on properties in need of renovation so I’m hopeful I’ll be able to find some good flips when I’m ready to pull the trigger