Keep in mind that when you become a problem solver, things can get messy with the vendor, but that's why you get paid.

Expensive lesson learned

The tenants in this building were inherited and paid late every month and there were some other issues as well.

HI Adam,There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

Chicago is expensive, but it is one of the best places to invest in real estate.

They are highly skilled, highly credentialed, and that means they're highly paid).Depending on the cause(s) and solution(s) to the problem, the property may need to be vacated--now you've got an empty property that's bleeding cash, and not bringing in any rent.

This can be quite expensive. 3) Make sure you buy furniture with a high weight capacity. 4) This arrangement doesn't attract the best tenants.

It was stated to me that a property owner gets paid in full at closing.

Since we were discussing bank statements, most lenders will want to see the ability to repay (in additional to having paid on time) and usually a minimum of 3-6-12 months of equivalent mortgage payments in reserves.

I am wondering if there is a data service that addresses my needs as someone seeking to buy vacant lands at tax deed sales. Tutorials  emphasize the need to do due diligence on all the following:
--check for taxes an...