Look elsewhere if you want flips that aren't going to be constantly subjected to vandalism, theft, and home-cooked meth projects.

The Cook County property taxes rose so much in the past 5 years, it just doesn't make sense for me to own any real estate there.

As long as the rent is paid and they are quiet I don't care.Now when people get in hard times I find 3 people turn into 10 people living under one unit 2 beds,2 1/2 baths.The problem is the people that were qualified credit and criminal are on the lease and the others are not.So the unknown people have not been qualified to see if they will be a problem or not.More people wear down the units faster,cause noise with extra vehicles,and parking issues.Our water is not sub-metered and is paid by us the landlord.Extra people taking a shower,flushing the toilet,washing clothes,cooking etc. runs up the water bill.Water company says people use about 60 gallons a day on average according to statistics.I know there is fire code limits but I was thinking of having in lease max of 4 people and anything over that is 50 dollars per month per person.This would cover extra water bill and help with extra turning costs with the heavier traffic usage.

I am currently watching Steve Cooks wholesale DVDs that he did in Long Island a while back.

Start from the county recorder's office, in this case I used Cook county, IL.

I have a few rentals in Kankakee, Will and southern cook counties.

Maybe I'll get there this year & we can discuss what's cooking out there :)

You are looking at investing in rental properties, which is crockpot cooking not the microwave, a great way to build wealth slowly not over night.

Thanks Rob, The cook county taxes are so high that I am only cash flowing $5/month.

If you love cooking be a cook.