I am guessing no more than $10K too, though I don't have enough case studies to be sure haha.

I have been reading books, studying, and researching all things real estate.

Lastly, after you receive advice from other Chicago area SLH operators & the local municipal agencies that will not only save you time but direct you towards ways to save you money, you are going to likely want to register your business as an LLC with the state and obtain the proper small business renters Insurance policy under your LLC’s name (if its just a 2-3br operation the policy monthly premium  cost will be very low and will shield you as an individual from the very probable situation of being personally liable for the behaviors, damages, & actions of a traditionally high-risk short-term tenant group bc no landlord’s homeowners insurance policy will cover any damages or personal liabilities that will occur when they discover the nature of the operation.

When I went to look at the units I discovered one tenant had tin foil all over the windows and walls.

O have been studying like crazy, book after book, podcasts, and virtual school.

After researching the property I discovered that the owner is in jail for a 90 year sentence, and a news article stated that the residence was permanently taken by "the police and prosecutors" Could someone please help me and point me in the right direction?

I will have to spend some time to study sandwich lease options and selling LLC.

Upon further qualifying them (I goofed and was not aware of estoppal agreements at that time), I have discovered one of the tenant's income does not meet my "3x rent" rule.

However, if you studied ex.

I have been listening to podcasts and watching videos and studying it for about a year now and I feel I am prepared to begin making my first moves and buying my first property.