Security Deposit.The Security Deposit shall be held by Landlord without liability for interest and as security for the performance by Tenant of Tenant’s covenants and obligations under this Lease, it being expressly understood that the Security Deposit shall not be considered an advance payment of rental or a measure of Landlord’s damages in case of default by Tenant.

@Kamil KaczmarczykResearch the Market:Familiarize yourself with the real estate market in Northwest Chicago (Chicago has very stringent tenant laws), specifically focusing on multi-family properties.

Make sure your property manager takes proactive measures, such as posting necessary pool signs and selecting appropriate furnishings that minimize accidents and owner liability.

The vote count was so tight it looks like a recount is in order. https://www.tahoedailytribune.com/news/final-election-results-measure-t-passes-in-south-lake-tahoe/

Cap Rate is a measure of the ratio between the cash flow produced by a property and its capital cost (the original price paid to own the asset) or alternatively its current market value.The rate is calculated in a simple fashion as follows:annual cash flow / cost (or value) = Cap Rate For example, if a building is purchased for $1,000,000 and it produces $100,000 in positive net cash flow during one year, then:$100,000 / $1,000,000 = 0.10 or 10% The properties Cap Rate is ten percent.NOTE: Positive net cash flow = The amount left over after all fixed costs and variable costs are subtracted from gross lease income, however before debt service is subtracted.

@Felipe Chavez You have received great advise from @Ken Naim I will just add that you continue to educate yourself and close on your 4-units first before going to higher units. 5+ units are considered a commercial and they come with more stringent terms so it's always good to have a 4-units first before 5+ units.

Measure all the rooms and make notes of any special concerns.

But cash flow is not the only metric to measure an investment.

But I would not use revocable trust as sole element as obscurity is a proactive measure, not a defensive one.

excellent post; i thought that just being me - & following the code- is the way to go.now, if the village wasn't so stringent on some things - like pulling a permit to pull carpet?