I initially offered $200K in cash, but the seller countered at $240K.

I used the background and credit checks offered through Cozy. 

With the capital and experience to offer I've seen this work well as a joint venture.

Do you let the tenant supply and pay for their own internet or is it recommended to offer internet and charge the tenant a flat fee?

Areas like Pilsen, Bronzeville, and parts of the South and West Sides offer opportunities for value-add investments, while North Side neighborhoods provide more stability but at higher prices. 

That way, when you’re ready to make an offer, you'll be all set and confident to move fast.

You might want to check out listings in your neighborhood to get an idea of the going rates and what amenities other hosts are offering.

Hard money lenders are often more willing to take on higher-risk projects and offer faster closings, but the trade-off can be higher interest rates and shorter terms.

Out of state offers lower price points and more landlord friendly areas in general (i.e. 

In fact, some of the best opportunities in real estate come from properties that others overlook—distressed homes with potential that just need the right investor to bring them back to life.If you’ve been in the game long enough, you know that distressed properties can offer huge upside, but they also come with their own set of challenges.