This is a great strategy to use for beginners who want to get a foot in the door of investing while also learning crucial skills just as tenant management. 

Quote from @Benjamin Finney: Chris, interesting niche on non-performing mortgages/ rtl's.

I think what you describe is pretty much standard performance for rental properties if your not paying cash and I am just assuming your putting max debt on them to try to get your return numbers into your criteria..

  • Multifamily properties also interest us, but we’re unsure if they’re the right starting point for beginners.

The influx of foreign investments explains in large part why countries like Spain and Portugal are now economically performing better than the likes of Germany and France.

Are you willing to mentor/ teach a beginner?

Never heard of him.Make sure you perform proper due diligence.

Contractors performing structural, electrical, plumbing, or HVAC work are required to have the appropriate licenses issued by the City of Chicago.

But, they have ZERO liability for the performance of that tenant.Second, 97%+ have no idea on how to screen a tenant, other than income = 3x rent and a credit score.

Aaron I would not pay but if they wanted to have this added I would have a licensed electrician perform the work.