All water and power are individually metered.I have been given the income and expenses and just wonder if any expenses have been left off.

Hi-I just put my third SFH rental under contract and when speaking to an insurance broker he mentioned I may do better switching from individual policies to one commercial policy, especially as I continue to add any other properties to my portfolio.  

Again, with that in mind, partnering with just a couple other like minded individuals with similar investment amounts and you’re talking a significant type of a property that could easily justify sufficient cash flow to take a more hands off/pressure off approach.

Full version (For the sake of argument, I'll make up some numbers to help explaining my question):Consider the following case - Individual with $500K and no properties other than residential house.Let's say residential properties in the area are going for $200K.Comparing two relatively "conservative" strategies, let's assume individual wants to "cash out" 15 years from now (hence: get as much passive income from said properties once you reach the 15y mark):Strategy 1.

Chicago's neighborhoods can vary drastically block to block, and I recommend driving the neighborhoods of any area you are seriously considering.   

It is pretty much block by block

I got into real estate investing by accident and based on the reality of being mid-level management @ age 54, I'm on the coroprate chopping block.

I owe this all to the BP community for providing me a forum to educate myself and network with other like minded individuals. 

I guess it is just a matter of finding what fits one's individual investment strategy, and what kind of cash flow is acceptable.

Don’t think because you have fancy counters , recessed lighting or nice paint layout that you will get one dollar more in rents than the other houses on the same block