Hi,Question for rent-to-own pros - Who pays the HOA fee in such an arrangement, the tenant or the seller?Thanks!

The best part about this property is that the home owner built a 2 car garage/ workshop in the back yard that was made very well and is about 1,200 sqft on its own.

He built two houses for my family and recently finished a full renovation for my sister.

Now I'm eyeballing the abandoned Kmart in my town.

@Hae Sun YiThe whole city of Chicago is hard to compare directly to a town like Naperville as far as rent values, property values and taxes because the city of Chicago is so large and diverse one neighborhood compared to another is really like comparing Naperville to another suburban town. 

There is also a new development that’s  being built 2 blocks up from me as well and the value has been on the rise since my purchase.

This is in an older part of town where rent is not very high, but I think I can bump it up to $550 for each unit.Rental Property Cash Flow Analysis[Property Description]Monthly Operating IncomeScenario AScenario BNumber of Units7 Average Monthly Rent per Unit495.00 Total Rental Income3,465.00 % Vacancy and Credit Losses5.00%Total Vacancy Loss173.25 Other Monthly Income (laundry, vending, parking, etc.)

In fact, if you are on this side of town I will even buy you lunch if you are willing to share with me your insights. 

I’ve also built up a solid credit score making minor purchases throughout college. 

I have a little experience being a landlord, when we moved from the Baltimore area a few years back, my wife and I decided to rent out our town-home, where we lived for 5 years, rather than sell it.