Easy and cheap to create and maintain on Secretary of State web site.  

Although my formula is to keep my properties maintained well and pick good tenants, to try to get my active management as passive as possible.Do you "live the dream" and travel/vacation year round or do you focus on building your empire to ever greater heights?

For Realtor license, here is a quick tip that helped pass the second time around, study all the terms In every chapter,  If you know the terms, your can correctly answer any question they throw at you :)Hope my 2cents helped ;) 

If you can pull out your equity,  while maintaining at least 20% in your primary home, wouldnt you be able to get the 25% needed for the deal?

And because I apparently love to study, I am going to get my real estate license as soon as I can.

It's eggs in a lot of baskets instead of one, and provides income while still maintaining equity and tax advantages.Lastly, if your Dad hasn't reached the maximum lifetime exemption, he may be able to sell this home without having any taxation on it if he has lived in it 2 out of the past 5 years. 

Don't pay anymore than 125 unless they are giving you a bundle.I used reedc.com (real estate education center) online for 85 just for the 75 hour course and bought a Barron's book with practice exams and a lot of study material for 22..Good luck!

I like to ramp up the CapEx reserves in the first year and to give an example, I put back 6k for four units will still maintaining 750/COC.  

(a) A unit of local government, as defined in Section 1 of Article VII of the Illinois Constitution, shall not enact, maintain, or enforce an ordinance or resolution that would have the effect of controlling the amount of rent charged for leasing private residential or commercial property.Excerpt from: http://www.ilga.gov/legislation/ilcs/ilcs3.asp?

The measurements work out, as there is sufficient width in the lot while maintaining the standard setback distance on the block.