The challenge was balancing the relationship between landlord/tenant and a personal/friendly relationship.

8%-11% is pretty standard here and as someone mentioned it really just depends on how the company is run.

I've done and been a part of many Chicago zoning changes...they take a very long time and a lot of upfront money...unless you are planning to add multiple units and do a full renovation, the ROI is probably not there.

I've worn three hats in the seller financing world (as a property buyer, as a property seller offering terms, and as an investor that buys seller financed note). 

Thanks for coming out and joining us - we have some new events and workshops and training that we will be adding shortly - look for a couple of virtual workshops a month and a get started training program to be implemented before the end of the year. 

It seems like you have some very solid goals of multiple income streams, and a well calibrated risk tolerance. 

I picked a mentor and a team to follow and the rest worked out

Set on 3.3 acres, this home has everything your buyers are looking for: a brand-new septic system, a state-of-the-art wall-hung boiler with radiant heat, and a stunning new kitchen complete with updated appliances and an island for gathering.

I just used my attorney as our registered agent, PO Box as our business address, and a separate LLC as the holding company. $50/ LLC and it literally takes less than 20 minutes for each LLC and costs less than $20/ yr. to renew each LLC.

Your mentor’s advice about starting with a rental property is solid, and a duplex could be a great option for house hacking.