My question is if she doesn't pay in 5 days, could I file a forcible entry detainer at the court ( We are in Macoupin County Illinois)?

There are a few ways you can handle the renovation which all comes to personal preference.

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.

There is a big difference in how those are handled  HAHA I just saw a post and commented where the person wanted to ask if they should overpay for a home because they can get is seller financing.

Better to keep rent 5-10% below market, but keep a tenant long-term.If you can handle all this, you MIGHT be ready to be a real estate mogul.Otherwise, you may want to get out of your own way and hire a PMC to manage your property better.Let us know how this goes before you continue dreaming about anything else:)

Wholly agree with everything you said and sincerely believe that you really have a handle on the greater Bay Area.AB 968 also changed how flipping works for owner builder.Not every strategy works in every market.With all that being said I pivoted back to live in flips.

My personal take is investing is hard enough without having the added complexity of building a remote team of folks that can handle things for out of state deals.

i use Ownerrez to manage my rentals. it handles payments and i can do security deposits.

The key is to pick a lane—focus on improving as an investor, finding great deals, and letting a solid property manager handle the operations.

Read those relevant parts and figure out how far in advance you must give eviction notice, how to handle evictions with no lease, etc.2.