IL has no rent control here and many of these buildings have tenants who lived there many years and were not professionally marketed have seen rents go up 50%+ often on new lease up. 

@Keith TruongMy advice is to look up and understand rent control and how it applies in specific cities.

BTW, in addition to the bad review, they broke into the pool controls and set the pool temp to 103 degrees.

) - Gross Monthly Operating Income 1,151.50 Monthly Operating Expenses Property Management Fees 105.00 Repairs and Maintenance 10.00 Real Estate Taxes 126.00 Rental Property Insurance 49.78 Homeowners/Property Association Fees Replacement Reserve Utilities Pest Control Accounting and Legal Monthly Operating Expenses 290.78 Net Operating Income (NOI) Total Annual Operating Income 13,818.00 Total Annual Operating Expense 3,489.36 Annual Net Operating Income 10,328.64 Capitalization Rate and Valuation Desired Capitalization Rate 8.00% Property Valuation (Offer Price) 129,108.00 Actual Purchase Price 119,900.00 Actual Capitalization Rate 8.61% Loan Information Down Payment 35,000.00 Loan Amount 84,900.00 Acquisition Costs and Loan Fees 1,500.00 Length of Mortgage (years) 30 Annual Interest Rate 5.250% Initial Investment 36,500.00 Monthly Mortgage Payment (PI) 468.82 Annual Interest 4,428.72 Annual Principal 1,197.13 Total Annual Debt Service 5,625.85 Cash Flow and ROI Total Monthly Cash Flow (before taxes) 391.90 Total Annual Cash Flow (before taxes) 4,702.79 Cash on Cash Return (ROI) 12.88%

Homes there go for around 400-800k homes get cheaper and it’s more affordable but the traffic is horrible everyday.

Hello all,I am looking to consolidate pest control services over a number of my properties in Little Rock Arkansas.  

The necessary elements are: an express or implied agreement; a common purpose that the group intends to carry out; shared profits and losses; and each member’s equal voice in controlling the project.

I am going to guess you are doing this for more not less control of your life so maintaining control of your cash would be essential for growth and protection against unforeseen conditions. 

The place has improved a little, because Dough, Thomas, and myself have controlling interest in that those communities... don't expect anything amazing, turnover is very high, and bank foreclosures are common at those price point, so much so, we don't even buy them for that price.

This distinction controls whether you can claim all your current rental losses against your W2 income.