I currently own 2 commercial and 1 residential, a 7 unit / 2 commercial storefront property, a Laundromat facility storefront, Then a 2 unit multi family that i am house hacking.The purpose of the this post is that i want to meet ALL investors( pro or just starting out) in New London County to know each other and learn and talk about real estate, want to create a great network of people in this county.

This will reduce your monthly cash flow from the property, impacting your ROI.Break It Down with a Calculator:While BiggerPockets calculators are fantastic for many scenarios, they don't currently allow you to input multiple simultaneous loans (e.g., mortgage + hard money).

. - You've got some pretty solid information above and concurrence that it shouldn't cost nearly as much as you thought, but on a separate note, I'd like to understand your situation a bit better.You are currently just looking for a Chicago property to purchase and asking the quit claim question in preparation for closing? 

Out of curiosity, are you currently focusing more on expanding your short-term rental portfolio or on working with clients to grow theirs?

Next week talking with financial advisor to move from a broad approach to more food or consumer perishable goods, medical portfolio.  

Open to being a full-time agent for sure, but imagining that could take some time to replace my current income.

Not many folks on here discussing this approach.How has this method been working in the current RE market?

I am a realtor in Marlyand and last year I bought my first duplex which I currently house hack.

Quote from @David Martoyan: For those focused on the BRRRR strategy, I’d love to hear about how you’re adapting to current market conditions.

Purchasing a new primary and turning my current house into a rental and looking to hire a PM but some of the fee's seem high. 1 quote - 100% 1st/month rent if i self-manager, or 75% 1st/mo rent and 10%/mo for PM to manage.Again, im new to this but from reading and talking to people there is a typical finders fee ~1000$ and 10%/mo rent if the PM manages.