What you got cooking? 

@Frank Sanchez - I knew the taxes were high in Cook County but I didn't realize it'd eat into it that much - good to know.

That's for the tip on the hot chicken Luka..have a couple places on my food list

Here is some food for thought though. 

@Michelle Caines Below is some food, for though regarding what is the best Corporate Entity, for your REI Endeavors. 

Their renters insurance should cover food spoilage etc.

Just don't ask me to write anything down.I still enjoy the occasional Ukrainian food oddity though that would throw most for a loop.

The basis of it to my understanding is that the government will give tax-incentives to people who do what the government wants them to do.. ie. provide housing, provide jobs, provide food etc. 

Paying $110k (purchase price + rehab) for something you believe to have an ARV of only $95k with rental income that will barely pay (or, perhaps, slightly exceed) only the mortgage payment (that is, leave you no money for the other expenses) is a very large accident waiting to happen (actually, there will be no waiting for the accident - as soon as you close you'll be a cooked goose). 

I am interested in buying at Sheriff's sales.  I have previous buys from MLS generally so this is something new.  Anyone, please share your insight in this and how to do, what to look for, websites, resources etc.  Al...