This is very different than UD(Evictions) and Cause is frequently not necessarily required.

When I take an investor under my wing as an apprentice, partner, or student, I frequently have to reprogram them and unteach them crap they've been taught.

A rental property does not have to be in an LLC in order to take depreciation.As I frequently tell clients, from a tax compliance perspective, an individual can take the same rental expenses if owning property in their name as an LLC would.An LLC offers additional tax planning opportunities that would not otherwise be available.

He owes $42,606 in taxes for 2010 and $38,157 in taxes for 2011 - PLUS a 20% accuracy-related penalty for both years.BOTTOM LINE: The fine tax pros visiting this forum frequently exhort the members/REIs here to keep good records. 

Whether you agree that HOAs are good for your property value or not, the fact of the matter is that the laws are frequently in their favor.

But i frequently travel to joliet and aurora.

I've met some great ppl this way and have had frequent contact with some local wholesalers, agents and RE entrepreneurs.Best of luck to you!

If you move frequently, and can make a living anywhere, then renting can be a more sound financial choice, but even those that rent, need to invest their money somewhere and real estate is a solid long term investment, and one that has stood the test of time for generations...SFH's are still a commodity, albeit, sounds like development costs, along with new regulations are making it more difficult for builders to throw up houses like in years past for the starter homes...but it is supply and demand so with plenty of starter houses out there already, maybe its time to go into the higher end homes if your a developer or as someone else mentioned go into rehabbing existing homes..in the end the market will guide your decisions but real estate will always be around as long as people need a place to live...which is pretty much everyone. 

@Kyle Doney, for example, (1) the learning curve is infinite and expanding, so just keeping up professionally takes time; (2) for me, I frequently don't feel comfortable charging for every hour I actually spend working on something, because it's un-affordable for my clients - yes, I really do do this to help people, not to get rich; (3) tons of time nurturing relationships; and (4) high overhead (not for me, but for many).  

You don't want a situation where they are frequently raising dues.