Increased property taxes may have an effect on your total investment returns and cash flow.Make Connections with Local Investors: Gaining knowledge of the Chicago market may be achieved by establishing connections with real estate brokers, property managers, and other experts in the field.

Refinished the original floors (massive value increase), fixed the heating and air system, painted all rooms, cleaned up the yard for curb appeal What was the outcome?

I am currently seeking new investors if you need a licensed contractor in the area.

Neither situation leads the investor any closer to wealth accumulation, except in rare circumstances of inflationary price increases, and onLy IF he has the ability to subsidize short term loses.   

Legal Assistance: - [ ] Seek legal advice to ensure compliance with laws and regulations.8.

Will require a decent amount of money out of pocket and would take 9 months of total rent to re-coup my repair costs, or about 2 years of the “increased” rent to pay for repairs. 

There is an increasing percentage of the population that is location independent and wanting to build equity but at an affordable entry point.

I recommend increasing your current salary, pay off all of your debts, open few more CCs to have access to credit lines, and save a bit more so you can either flip or house hack your first property.

A cash our refinance only makes sense if you've increased your equity after you bought.In terms of the DTI issue, you can overcome this by obtaining commercial loans like DSCR and hard money financing, rather than conventional.

Hard to do in 5-7 years because people seeking financial freedom still have to live.