The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

It would annoy me as well, BUT even if you're right they will probably just update the ordinance now.

I get so annoyed with all of the phone calls of folks wanting to buy. 

Yea good reminder @Jim Brozny - Elgin is an annoying place to be a housing provider. 

We don't have to go too often but I feel the annoyance when we do, so it's tempting to be lazy about site visits.

Kinda annoying bookkeeping, but I believe that is how its supposed to be done.  

We have a generator, although we only use it as a last resort as a generator has a high annoyance factor.The last thing you want is to have an annoyed neighbor during the remodel.

This may be a long post, but I thought it would be good to walk through everything step-by-step, and explain my thinking along the way.If you want to stick with me through it all, here we go:I was not going to be getting a conventional mortgage for my first property for a number of reasons.First, I am still annoyed at the hoops I had to jump through to get a mortgage for my primary residence.Second, my liquid cash was on the lower end.Third, the properties that I would need to start out with would not be financeable anyway.Fourth, my DTI is on the high side, due to the decision that we made to take out a HELOC to complete interior improvements on my primary house.So, I decided that my path was going to be to form a single member LLC, and take a loan from my 401(k) at work to finance the down payment.Since I do not view the 401(k) loan as a long-term solution, I am treating like hard money, and pay it off ASAP.So, my first deal would be a flip, or a rental that was such a good deal, that I could re-fi out and pull all my cash out.I decided to reach out to the commercial lending department of the local credit union, which I am a member.The person I talked to (who became my lender) is fantastic.I told him what types of properties I was looking for, and that I’d look to turn them into rentals, or to flip them.I will never forget his response, which reminded me why I love this credit union.He said:“Typically, the deals you are talking about are much smaller than the deals we like to do.However, we also realize that you can not get to that level unless someone helps you get there.So, if the numbers make sense, we will see if any of our products fit.”Awesome!

The contractor reports to me that there's cats everywhere, the place SMELLS like ammonia..... he even refused the job because he got a terrible allergic reaction and the place smelled too bad.....Other than annoying instances of having to wait for him to get us cheks a couple days late, he hasn't been a problem.....But I fear the place will have a permenant smell, and who knows what other pet damage there is.....Should I threaten eviction?

Twenty one years is a long time and plenty of time for attorneys to start realizing there is money to be made in OH on lawsuits against landlords.My point was those regulations while annoying, may actually give you some liability protection.So how much do these lead inspections cost and what is the process?