As long as its not like an fha or va deal where the appraisal stays in system for 6 months just offer to pay for the next appraisal.

The main reason being that if you need to replace them it will be much easier if you build a system instead of relying on someone's specific talents.As for rates, I've heard they generally run $4-8 per hour, which is apparently a good wage in the Philippines, and of course you could offer bonuses and commissions to sweeten the deal for them.

I'm currently Residing in Illinois And plan to do business in Illinois thanks, every reply gets a vote

Here's a link where @Chris Martinposted about reserves as the lenders want to see them funded, and where I gave some links to projecting useful life of various systems to facilitate establishing reserves:http://www.biggerpockets.com/forums/432/topics/867...

They must have solid systems in place to get the right tenant and check up on those tenants.

I think its a very sad commentary on parents and the education system that so many people give this drivel so much credit.If I learned anything from that con man I'd be embarrassed to admit it.However, what I have learned on here is that many successful people are not ashamed - they hold up their previous ignorance as a badge of honor and wave this book like a bible.  

Single Family homes rely on appreciation, market swings, school systems, traffic patterns, and even bad neighbors.

I am not sure on Chicago laws, but I know a friend has a rental home in nearby Lake Geneva, and they just voted to limit short term rentals. that was how he made his money.

You see people chiming in to use everything from complex software, books, seminars, checklists, graphs, charts, tips about all sorts of systems...

Get a website with some sort of CRM and lead capturing system up & running.