I definitely have some rose tinted glasses on and am drawn to the idea of 'lifestyle investing' hence why I am trying to get more realistic/experienced advice here.Kathryn and Jonathan, if I had to summarize your feedback;-If it seems so great, it will be competitive -If it is competitive, I am massively disadvantaged not being local/experienced in the market.

You can review your HOA's governing documents, also known as the CC&Rs, to understand the proper procedures.

I worked nonstop for 7-8 years building up my business but now the money has afforded me the lifestyle and freedom that is absolutely worth it.

The combination of families looking for more space, good schools, and a quieter lifestyle has been a big driver of demand.For my investments, I’ve noticed:High tenant quality: Families or professionals relocating to suburbs like Naperville and Wheaton tend to stay longer, which helps with stability.Increased competition: It’s definitely tougher to find good deals, especially in top-tier school districts.

Try to anticipate other potential avoidable situations with a follow up inspection to assess the Locksmith’s work and ask your tenant(s) if you can also use the time to assess for other issues such as unchanged HVAC filters, leaky pipes, working shutoff valves, working smoke detector batteries, properly working downspouts, clogged dryer vents, evidence of water damage from leaking roof, etc,etc,etc.

As mentioned mold needs moisture and the best way to get rid of moisture is proper air ventilation.

Proper underwriting - this includes an appraisal, loan app and full underwriting to comply with CFPB regulations.2.

But this can be used to sue you if you don't properly disclose so I would disclose everything 

Of course our big motivation is commission but you can get commission or a referral fee or something in an off market transaction if done properly.

Talk to an attorney to get proper documents.