My savings are falling short after my home purchase so I need alternatives that can be implemented right away (ie I don’t want to wait 5+ years to have sufficient savings to only then invest in rental).Any feedback is welcomed. thanks 

For those landlords who take security deposits in City of Chicago, is a separate business bank account sufficient for the security deposit or do I still need to set up the special landlord account that requires all W-9 paperwork from tenants etc?

From my perspective, when BRRRR'ing the most important aspect is the quantity of deals you can secure at values below the ARV in a given area.

The FHA self sufficiency test is the so difficult for the north side of the city and parts of the west and south sides. 

If you don’t have the right temperament and sufficient cash reserves, you should consider selling the property and investing proceeds in passive type investments. 

The guest became defensive and pointed out that 7 rolls of toilet paper (12 guests over 4 days) was not sufficient (lol) and they had to buy more tp, paper towels, and trash bags.

There are discussions of lowering the permit quantity but nothing definitive yet.  

Shouldn't we be prioritizing quality over quantity?  

If you make sufficiently large orders they will give you discounted pricing like a contractor saving you 10-20%. 4.

entp.hud.govYou also want to make sure you run the math to ensure it passes the "Self Sufficiency" test where the unit rents must support the PITI by using the 75% and vacancy calculation.