@John Warren thanks for the reply.

Catherine, thanks so much for your reply.Russell, thanks for your reply also however I wouldn't expect their E&O insurance to cover me when I'm working as a principal.

First, Chicago is extremely tenant friendly, so if you are investing in C or D areas which can only attract poorer credit, lower income or subsidized tenants, you WILL (I promise) have problems with getting all your money, property maintenance, and lost rents.

Thanks for the reply Will! I

this will allow you to pull out the equity.A refi seems like a good idea if I were to keep it as a rental long term.Thank you both for your replies!

@Matt M. thanks for your reply and congrats on your cash out refi.

I started to reply and then realized my answer could start down a rabbit hole that I'm not sure would make me sound sober :-) I got very good with creative financing deals, where at my peak, I had about $6MM in real estate assets (92 units in total). 

Thank you for taking the time out of your day to reply !

@Jason Lee Thanks so much for the reply.

@Robert Leonard, thank you for the reply.