Use the BP calculators to ensure you have enough cash flow if you rent it out!

Ensure you have a small emergency fund to cover any unexpected expenses, then set a budget for yourself and put as much as you can away to the credit cards.In the meantime, you should start educating yourself on real estate and practice analyzing deals.

If renting, what other measures would you do to ensure your property is protected (yearly inspections?) 

Let's say you keep getting a bad report and the amount you're paying continues to add up, is there a more efficient way to do this?

Be careful to ensure the tenant will stay, and that you can work with that tenant.

It is really helpful to plan with both of them together to ensure your entity structure makes sense for the way you are running your business.Are you near Chicago or which part of Illinois are you in?

Perhaps once you go through an agency you can make some notes on the process to ensure you and your lawyer are well prepared and can do it yourself if it ever happens again.Good luck and I hope Karma plays in your favour.

If you are an owner, builder or developer of apartment buildings or residential homes, there is an opportunity to earn a tax credit of $2,000/unit or dwelling for energy efficiency.

So, your investments will be extremely tax efficient.

Best and most efficient way to do it.