This (to me) is easy, if you didn't actually plan to stay at property 1 for 12 months because it was an 'emergency' move, then you shouldn't have taken the opportunity to refi as OO.

When investing in out-of-state properties and wanting to manage them by yourself it’s always a good thing to have a friend in the state you’re investing in or a family member that can check in on the property for emergency situations just in case.

In fact, most people are just looking to generate extra money to cover retirement, a special vacation, an emergency fund, send a kid to college, or give a loved one a head start.

Opportunities created by established and emerging industries, the exposure to diverse cultures, and cultural attractions like museums and art galleries all contribute to the growth of cities.

We’ve otherwise maxed out all tax favorable accounts, have an emergency fund and we both have excellent credit scores. 2.

You’ll want to set aside for CapEx, property mgmt and Emergencies in your monthly after PITI, and really have 6 months of mortgage saved up before starting to take cash out.

Only under extreme circumstances, emergencies or as provided for under RIGL 34-18-39 (Failure to maintain) or 40 (Remedies for abandonment) can the landlord enter without notice or a court order.

I understand things are tight, but the property should fund itself without your personal capital being brought in other then emergencies.   

Never deplete your security deposit for a tenant who is still present.Schedule an inspection to document damage that was noticed during the recent emergency repair visit.

If I'm reading the Illinois Rental Property Utility Service Act correctly, it looks like 7 days is required: "This Section does not prohibit temporary utility shutoffs in cases of emergencies such as gas leaks or fire or, upon 7 days written notice to each affected tenant, temporary shutoffs required for building repairs or rehabilitation."