The biggest challenge unique to investing out of state is not knowing the neighborhoods and buying in the wrong area.

Can I combine these somehow so that I'm not paying for 2 inspections?

If multiple properties they may need to be aggregated to be looked at together as a combined total. 

@Matt Byrne Have been able to learn a tremendous amount through a combination of BiggerPockets, connecting with agents & investors in my local market, and actual day to day experience self managing and growing my portfolio.

Hello,I just wanted to know if to know if it's possible to own an LLC that offers a combination of services residential ( rentals) as well as consulting such as software consulting service so that everything is under one umbrella.Thanks

If with the 50% rule you are spending $400 less than you were when renting, you either found a very good deal or have a low debt (or combination of the two). 

We would like to combine the bathroom and middle room to create a bigger bathroom and 1 closet for each of the front and back bedrooms.

Are there some unique advantages for people looking to get in the REI game in Chicago?

My standard underwriting is 15% combined for Repairs and CapEx, @Scott Benson.

Combined their gross income is 3.6x rent. 1 great credit score (mid-lower 700), 1 mid (Mid 600 no credit history), 1 bad credit score (mid 500, balances owing on closed accts but no collections no open accounts.)