This matters when tenants decide to spend money on food vs rent.

I wish you much success in your venture in the meantime :)@Jarrod Cook I'll be more than happy to attend soon.

Maybe they are fully depreciated and have had them so long and need the money, or maybe they are leveraged and have fallen on hard times, i could keep going but just some food for thought. 

 Thank you enjoy reading your post food for thought

I like to read and cook in my spare time and live in Schaumburg with my wife Maria, 3 and 6 years old daughters.

My tenants are constantly asking for rides, small loans, money, food.

I'd have to spend the night at my folks because its in their city, but hey my dad's man cave is nice, I am sure dinner will be cooked, I get out of my apartment, and most important you do what you have to do to succeed in a logical manner, right?

@Matt Cook are you planning to hold this property or to flip it?  

Great to see someone in Illinois, and especially Chicago and Cook County killing it! 

However, that would mean living in the Richmond area (longer commute, some pretty sketchy neighborhoods, 1bdrm apt vs 3bdrm house...) and that is not including any other high cost of living expenses that come with living out there (ie. food, insurance, taxes...).