As you grow, use 1031 exchanges to defer taxes and scale your portfolio.This post does not create a CPA-Client relationship.

You may want to post this over on Passive Pockets.

I like your post and you obviously know Chicago but a lot of what you are saying is just plain wrong.

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

BTW, I've been trying to post this for several days (ever since the article in WaPo came out).

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.  

Great post, just now reading! 

Quote from @Dominique “Dom“ Leal: Hey Alex, Loved reading your post.. are you prioritizing single-family homes over multifamily, or open to both? 

It would be wise to post the name of the franchise you are considering.

I came across your post just as I'm interviewing contractors for our first flip.