So, in our property rules we require tenants to inform us if they want to remove a screen so we can put it into safe storage.

Nobody is absolved and nobody is safe from their reach and/or sanction.  

With interest rates likely to rise, wouldn't it make more sense to just go with a 30 year fixed to be on the safe side? 

After about a year of slowly renovating (doing any work we could do ourselves) we noticed property value in the area was rising. 100k+, 140k+ homes were now on the market, and these homes didn't have what we do: a corner lot, garage and a safe family friendly park across the street.

All this assuming you were local.If the deal doesn't work out, I could happily sign a contract saying the house will be transferred to the buyer if anything messes up with flipping.There are a ton of ways to make it a "safe" transaction for the buyer.But in any case the way I see it...

Hi Nithin,I have done a few flips in the southwest suburbs and I can safely say that there is money to be made in Illinois if you do it properly.

Conventional investing using banks and your own money = OK if you want to jump through hoops and spend your own money.Creative Financing = much better if you learn the many techniques to investing.

Report includes a detailed breakdown of our findings on the condition of the asset as well as pictures and a general capital expenditures budget.Detailed $650.00 per doorIncludes all items above along with the following,Supporting bids for capital expenditures, detailed roof assessment with safe access to roof supplied by your contractor or ours at an additional cost for their time, MEP condition report, 5 year capital budget.All fees are plus normal expenses for items such as travel, hotel, and per diem to be negotiated prior to inspection date if applicable.

They add money to their quotes to be on the safe side.The rest if the vendors want to see the issue before they give out a price and often ask for a fee just to come to the address.

In my opinion the BRRR Technique (Buy, Renovate, Refinance, Rent) seems to be the way to go.