Work with someone who keeps you informed every step of the way.10.

The information contained in this post is not to be relied upon.

If anybody has any helpful information, I am very open.

I am in the middle of purchasing my first rental property in Arkansas and was wondering if changing the wording of "pet addendum" to "animal addendum" would allow for the "animal deposit" and monthly "animal rent" to be collected?  

Not sure if they would consider that private information or not.

Congrats on your lot purchase in an awesome Chicago neighborhood like Humboldt Park.

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

Any information on this guys

.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

Is this still valid information?