Then, if an owner decides not to mess with a property and lets it go for less than they might actually think it is worth, that is a seller concession, it was worth it to them to sell at that price.There is value to the efforts, the management and construction/rehab management that is required to bring a distressed property up to its highest possible value.

I think the time, money, and effort to set up more than one LLC would be better spent on other investing activities.

It costs money and takes a lot of effort to do it right.  

Account Closed are you focusing marketing efforts on the southside area, or, do you focus on other areas in Chicago as well?

Your income evolves from effort and knowledge, taking risks and being creative doing things that everyone else isn't doing so much.

If your planning on going to college make sure to give that your best effort.

I think GnuCash is a great free accounting solution, and was fine when we only managed a couple properties, but after that we decided to go with Buildium, even though the accounting features were not as great the ability to tag transactions to properties and have everything integrated was a big plus.You can make it work, you just have to evaluate whether the free software is worth the extra effort.

You should ask around if its common to have non conforming duplexes because in Toronto they are everywhere and the city doesn't make an effort on cracking them down because it will dissolve a lot "tens of 1000s" of affordable housing for tenants/students and not to mention added income for investors  Just providing information.

Quite frankly, those 'gurus' have just invested a lot of money and effort to get your target audience in one location for you, and passing out your business cards to provide the product that the guru's are providing 'information' about is a boon to you and you should be grateful for the opportunity that they've just given to you at their expense.

If they were always getting set aside in court, with little to no effort by the plaintiffs, then why hasn't the word gotten out, like extended-warranties, that they're a waste of money?