FlooringScope of Work:Replace carpet in bedrooms with engineered hardwoodRefinish existing hardwood floors in common areasInstall durable tile in wet areas (bathrooms, laundry room)Estimated Cost: $20,0004.

While it may not be able to answer technical questions accurately like the number of days for a notice of default, it can educate you on the general steps involved and common pitfalls landlords make.Best of luck!

But also, since you're covering several markets, you're not forced to have to buy at extreme prices for land or wait for availability. 

Chicagoland is extremely tenant friendly so understand that going in. 

It’s extremely helpful. 

This property gives me significant income, so losing it would be an extreme loss.

My experience in the last 15 years is that except in the most extreme circumstances, an investor is going to need some of their own capital to make a deal fly.

This is not very common after the first month or so as the tenant buyer gets settled in.

Btw, this kind of note-taking has been extremely helpful in other aspects of my life, and I imagine it will work quite well for real estate as well. 

Do you have any books or resources out there that he can dive into to help him hopefully avoids some of the common pitfalls?