And not many people accomplish that.Now, having said that, if you have a paid off house, but no savings, then you’re house-rich but cash-poor.

Examples: modeling, escorts, sales of hair products.It should not be deductible to just maintain professional appearance, as in traditional sales, executive jobs, customer service etc.

I dropped the historic property and bought a more traditional home that has a great rental history. 

I’ve heard you can get financing as low as 5% down for a property doing this rather than traditional 20% down.

If you do own rental property, here are a few of the problems I've had:It does not include property assets in your net worth in the “retirement planner,” just traditional funds. 

Rich Dad Poor Dad - Robert Kiyosaki2.

I assume some books are more for introduction and inspiration (Rich Dad Poor Dad, etc.) and some are very useful as a reference and tool (Gallinelli's Cashflow and key financial measures book). 

Lastly, after you receive advice from other Chicago area SLH operators & the local municipal agencies that will not only save you time but direct you towards ways to save you money, you are going to likely want to register your business as an LLC with the state and obtain the proper small business renters Insurance policy under your LLC’s name (if its just a 2-3br operation the policy monthly premium  cost will be very low and will shield you as an individual from the very probable situation of being personally liable for the behaviors, damages, & actions of a traditionally high-risk short-term tenant group bc no landlord’s homeowners insurance policy will cover any damages or personal liabilities that will occur when they discover the nature of the operation.

It takes time for sure, but it's a great way to grow wealth; the get rich slow scheme so to speak.

We are not all rich and I think many smaller players are going to be getting out of the mkt especially for SFH where house prices are way up with plenty of buyers.