Lincoln Place: Still somehow in city limits but more suburban neighborhood.

Last 2 years single family has continued to increase due to limited supply even as rates are where they are (which is not actually high).

A Lot of turnkeys are going to these undesirable spots and its highly possible you'll end up with more liability with turnover rehab requirements.

- Controlling costs for payroll processing, unemployment charges, workman's comp and liability insurance- Coordinating ServiceTech & tenant schedules for appointments--- There are several industry vendors that focus on just this!

Another variable in the amount of rent that a Section 8 tenant can pay is HUD limits their rent payment based on the amount of their income. 

Make sure you have that addressed just from a liability standpoint. 4) You could also look into a mid-term rental option with traveling nurses if you think the unit is truly rentable. 5) AirBnB restrictions have gotten much stricter as well in general in Chicago, so make sure you are on the right side of those if you put your unit up since you are required to register with the City.

However, understanding the passive activity loss limitations is crucial before making this investment.

You CAN limit that agreement to a specific property; but, as others have stated, agents are looking for a certain amount of loyalty from their clients.If an agent gets vibes from a prospective client that indicates that they want to cheapskate and not pay a professional for their service, they are not likely to waste their time with them.

If the tenant is from another state, a background check cost of up to $25 may also apply (sec. 704.085).It is unclear to me if I am actually in breach of this rule by charging the tenant more than the $25 limit, even though it is through a third party.

However, in Los Angeles, multi-family properties can be expensive, so you’ll need to run the numbers carefully to ensure it cash flows.A few things to consider:FHA Loan Limits: Check the max FHA loan limit in LA for multi-families.Neighborhood Selection: Look in areas with strong rental demand but potential for appreciation (e.g., Inglewood, North Hollywood, Long Beach).Value-Add Potential: Minor renovations to force appreciation will help when doing a cash-out refinance or 1031 exchange later.If you have any other questions, send me a DM or email!