During the winter there's a lot of demand for STRs, especially near the entrance to Loon.As an example, check out 21 Franklin St in Lincoln.

I have checked rental comps on the BP calculator and have found that homes in this area with these stats can rent for around $1100, but this is nowhere close to the required mortgage payment (Realistically I think I could have 2 tenants paying at least $1000 per month each, though this calculator has me thinking otherwise).

Check references (title company, other private lenders, ask for details on past projects)2.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $300,000

Cash invested: $39,000

This is my first investment property!

What made you interested in invest...

Effectively, record every expense, Home Depot run, check written for labor.  

For event listings, check out Meetup.com or contact your neighbourhood real estate company.Speak with nearby real estate agents who focus on investment properties.

I work in Studio City and would really like to check it out.

You can check yoir Zoning Designation online on the Chicago Zoning Map.

Thanks for Replying, Carolina,My credit score is close to 800 (shouldnt be a problem) last time I checked few months ago and property is long term rental producing good return.

Check with your settlement paperwork from when you got that HELOC.