I watched this Youtube video, looked up the property via the Cook County Assessor/Recorder (it's in Chicago), and found the property he purchased.

@Coco Cook sounds good, thanks for the info I am really interested in Austin and Phoenix/Scottsdale as well and actively looking in those areas

Assuming no capital improvements, both units rent for 580, assuming 4k taxes (Cook county), 1k annual repairs, and vacancy, you are looking at about a 10 cap or so.

It is like saying I hate vegetables...there are a couple good one's out there :)By warning people about gurus and making some generalizations, I hope to see people at least looking at other options or spending a little more time researching the options they were already looking at...I just hate seeing people lose money.

I've gotten into the habit of aways cleaning when I have a spare few minutes while cooking dinner or in the common spaces.

As much as I love living with my parents, having home cooked meals and taking our family dog on walks...

.• Properties with lush vegetation require more maintenance than properties with little or no vegetation.When you look at the maintenance elements in a residential property you can generally divide the elements into two groups: systems and the structure.• Systems include HVAC, water heater, plumbing and wiring.

More than 1,000 Transactions with Gary best real estate attorney I know ...Gary Mages | Attorney at Law | Mages & Price LLC707 Lake Cook Rd., Suite 314 | Deerfield, IL 60015 | I have a good CPA as well let's connect for more details 

So we are about to close on our first 6 flat building and when speaking to my banker (who is also a REI), she stated that she requires 2.5 months rent for her security deposits, because we live in Cook County and evictions could take 6 months. 

@Clayton Cook It's a bummer about your STR neighbor issues.