The one thing to consider is that IL and NY are both not landlord friendly states.

I've lost friends and family to substance abuse so it seemed like an opportunity to do some good and make money in the process.I negotiated a sweet deal, and was prepared to buy it myself, but a few of my clients expressed interest and I ended up helping two of them form a partnership.

Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you . 

Inflation is your friend when you're not paying the heat and electric bills. 

My only experiences with Detroit area are through friends that purchased low priced homes there years ago also I am not qualified for advice on that front, but do have SFR, turnkey, and commercial experience and think those could be great options for you.

My new friend @Gabe Chase just put together a STR Mastermind for Property Managers (and we're looking for new members to join us!).

I think one of the biggest analysis paralysis thoughts is on landlord- or tenant-friendly areas.

My current flip was bought from a wholesaler in a partnership with a builder friend of ours who has his own salaried framers, roofers, plumbers and electricians.  

When someone wants to send you a referral privately, they are probably sending you a friend that pays them a referral fee.

Hello I'm looking for a good investor title company and/or real estate attorney in the Sarasota area if anyone can recommend someone they have used. Must be able to handle all typical investor transactions (assignmen...