You can earn much more in smaller, but still popular, markets in the Midwest.

Also great to earn while you learn instead of waiting.

My numbers might be completely off (and this will likely be worth another discussion), but I need roughly 120 units, to cashflow an average of $150/mo to earn $220k annually.

Also great to earn while you learn instead of waiting.

Apparently, Chicago/IL landlord law requires regular payments and/or accounting of interest earned from security deposits, and failure to follow through on that can result in a fine of treble the amount of the security deposit. 

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

But doing our part to be extra careful and getting the structural and soil surveys done to factor in the additional costs (if any) as well. 

It's making me worried how many "extra" expenses there are that will be added on. for example the inspection, a title check, lawyer fees, and I feel like many other little things. 

You can read about notice here: CLICK MEYou're in California so I would be extra cautious and provide the notice at the end of the May, giving him the full month of June to find a new rental.

Should I play nice and allow her the extra time?