That will reduce your need to renegotiate on price after going under contract3 - Use a local Title company net seller sheet to calculate estimated closing costs. 4 - Find a hard money lender that can close quickly. 5 - Practice patience.

I expect the angle in Chicago with this practice, is to improve the property, but without the increased property tax implications.

I too have recently started adopting this practice. 

However, I barely notice is because it practically blends-in the with the rug. oGet new lighter colored bed covers, ideally white. oLiving room is too dark.

It's god practice to pay IRS soon as profits hit your bank account. 

-Move money to stocks - relatively cheap now-Financing balloon (they either need a new loan or have to sell - and a new loan may not be practical)-Upgrade - perhaps they've gained some equity recently and they want to redeploy that capital to a larger building and take advantage of the economies of scale

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them.

I’m always looking to connect and network with new people sharing ideas and best practices.

I have been running deals for practice.