I understand that these rules vary depending on the state, but any thoughts on this?

A skilled property manager understands tenant segments and their behaviors, which helps attract reliable renters.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I'm seeking to be in an environment with like minded individuals to learn and network to grow my portfolio and eventually network to collaborate on larger deals once I have a better understanding of the commercial side. 

Understand Chicago ZoningChicago’s zoning regulations vary by ward.

I truly don’t understand what John Hyre wrote above.

With a background in residential real estate, I’m eager to expand my knowledge and build connections in the industry.I’m especially interested in networking with like-minded professionals who are passionate about creating value through real estate.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

While I understand you want to buy the house, you are at the mercy of those that your relative sold the property to.  

I would agree if we were talking about financial statements, but as I understand it, we are talking about tax basis reports.For tax purposes, one can use a modified cash basis when filing.