Plus, learning how to properly select tenants is a hell of a learning curve.

My wife questions whether it's easy to find properties at that type of discount. 

It is a not easy battling on the MLS sir, i'm in the same boat!

If it's month to month you can change terms with proper notice.

Just to move the discussion along, I've checked a library close to me and relatively centrally located with easy access.

Keeps my systems easy.

Although most of this information can be found online here or there, having it all organized into one place for easy reference is very useful!

I'm presently doing a subject-to deal which I'm looking to wholesale but I'm not exactly sure  how to properly structure the deal, how to give the seller any form of reassurance once the deal is structured. 

This way it is very easy and passive for the investor.Try looking at:Out-Of-State Turnkey Investing: How to Minimize Your RisksandWhat to Ask When Working With a Turnkey Provider

Easy transportation to 94, 90, walkable Metra stop and Blue line stop make it great for young couples who move out of the downtown but don't quite want to make the jump to the burbs.