This structure simplifies management, centralizes ownership, and provides an extra layer of liability protection.Tax-wise, the state where each property is located will still require income tax reporting and LLC fees.

You'll see a lengthy September 2017 ordinance about rent control, and then a March 2018 ammendment to this ordinance, bumping it from 4+ to 3+ if not owner occupied.

Most MLS systems will allow you to run a report and see what % of list price are deals actually selling for..

I bought it with a tenant, had some deferred maintenance, and the tenant had been reporting maintenance issues as they come up.

Looking good! Are you taking advantage yet? 

FlipperForce is admittedly a bit of a work in progress, but we are still in our early stages and have a lot of tools and features on our product roadmap that we are wanting to build in the coming months.Right now we are working on Print to PDF functionality for our Investment Report & SOW Report, which should be available by the end of next week. 

What Chicago City inspection report did your realtor find? 

There have definitely been some bumps.  

Mortgage lending is highly competitive, and there are many newbie loan officers that will bend over backwards to get you to pull a credit report and pay for an appraisal.

To help our case, I am thinking about putting together a report of some type that would help for why this development should be accepted.