You see these places with gardens and splash pools on their advertising - and the facilities don't exist!

Please try Traci at Spring Garden Lending or Ryan Harsche at Finance of America and let them know I referred you. 

Nick my first primary was a condo in Spring Garden section of Philadelphia.

Hi everyone,I am a new real estate investor in the Chicago area and I am in the process of closing on a multifamily 3 flat in Irving Park.I was hoping someone could recommend any home inspectors with experience in older multi family homes and real estate attorneys.This property was built in 1894 and is about 3,000 sq ft between the garden level, mid level, and top level units.

Indoor and outdoor safety considerations.Talk with your insurance broker about proper coverage for you and for their business, especially liability.Consider the impact on the neighbors.... noise, traffic, parking.Consider the extra wear and tear and how you would be compensated.You say these tenants are just renting until they have enough in savings to purchase a house of their own.

Each unit renting at $1,850.00 on a month to month basis and the garden level apartment renting for $1,950, with an additional $900 rental income for basement storage totally a gross monthly income of $6,550.00 Cosmetic work advised to increase rental value.

Pretty standard stuff that's easy to budget for.The only major change I'm considering is moving the laundry room indoors.

About half grass and half gardens.

They pay for the gardening and other parking lot maintenance.The tenant wants complete control but they do not want to have capital tied up in the property.

For me, that is defined as $120,000 annual passive income by 2025 (age 40).I will be investing exclusively in Multi-Family APTs, and have been studying REI for a while.With a 6 figure nest egg, I can either purchase a ~$500,000 garden apt NOW in a mediocre market, or wait roughly 12 months and purchase a 7 figure APT in a what I would consider to be a better market.Waiting would allow me to take more of an advantage of the economies of scale, but I would be sacrificing a year of quality %returns.