Those who have a few million lying around and go in all-cash are probably the exception. ;-)

The lender requires 75k and does not do exceptions to it because it is securitized.  

Usually a state has an exception if you're looking to invest in residential property, it may not be considered doing business in that state and you won't have to foreign qualify if that's the case.

Everything looks OK with this, except for that iffy crime rate.  

Never use anything except M2M leases as you will need to be able to quickly remove non performing tenants.

Also, if you have exceptional tenants, you might want to consider foregoing a rent increase this time around.  

Here's to an exceptional 2017 in REI!

Update on the work:All the promised work is done except laundry set up, which was delayed b/c the all in one unit had to be shipped - should arrive tomorrow or Tues.

There are portfolio loans that will make an exception to that and lend you money if you are a strong enough buyer.  

"With a few exceptions, the first of which being "Dwelling units in owner-occupied buildings containing six units or less; provided, however, that the provisions of Section 5-12-160 shall apply to every rented dwelling unit in such buildings within the city of Chicago".If not in the Chicago RTLO, how are these properties governed?