Hi all, My name is Larry & I am from the extreme SW burbs of Chicago.

I am extremely new to real estate and while I have been trying to find an answer to this through searching, I thought I might get a better result by asking.

Legally you could do a foreclosure yourself but It is extremely complex and you would never get title insurance.

And taxes are extremely high.I would definitely recommend against investing there unless thats the model you're looking for.

Actually, this blog post from @Ben Leybovich may help you find a good property management firm - I thought these questions were extremely good:http://justaskbenwhy.com/rental-property-management/

Plus, unless they are extremely well heeled, you'll constantly be chasing money that might not be reliable.

I'm still relatively young and poor, so I don't want to rush into anything too extreme for my first go around.Should I buy and flip a house or buy a multifamily home and lease the other part?

On Moderate to heavy usage, want to get thoughts and experience on what kind of increase in water bill is expected, are we talking 25% or are we talking about 50,75 or 100%.Thanks,Bharath

It is in the works, folks.NOTE: Usage of BP on mobile is close to 70% iOS, which is why we built an app for that platform before Android.

The sub meters are installed on an exterior wall of the first unit and on the way home from work every month I read the meters and with a simple spreadsheet I come up with the usage per unit.I'm not sure of the specifics of your seven units plumbing, but if installing sub meters yourself is an option it was fairly easy to do and has completely silenced my tenants.