To ensure that your property meets all the necessary legal and safety standards, the most important next step you can take is to have a professional contractor or a home inspector take a look at your property.

Treat any consultants (mort brokers, realtors, inspectors) like employees.You set expectations. then you manage expectations.

Find a good investor friendly realtor, analyze 1-4 units, connect with a good home inspector and property manager.

(and maybe make a little bit of money lol)So whether its Chicago building inspectors or Elgin rental inspections in theory they should just be helping us build and rent better...

I decided to get an inspection on both properties pre drywall and my inspector found several issues from warped roof trusses, all steps un-level, damaged metal wall framing, un-level flooring and un-level concrete flooring.

I found out about the 3 bedroom rule when a city inspector came knocking on the door and my PM got a phone call. 

It appraised as expected without any problems.My inspector noticed a couple minor things that needed work, and Tom’s team fixed those things up without a question.

.; finding, analyzing, acquiring, and managing a property), then it becomes exponentially more difficult.Think of it this way: forming and managing a team of real estate professionals (agent, inspector, property manager, contractor, etc., etc.) without any real estate experience is a bit like trying to form and manage a law firm without any legal experience, or trying to establish and manage an auto repair shop without any automotive experience--those would be monumental challenges even locally, but doing it from hundreds of miles away is near impossible.

Also important is the "B" Team - Lawyer or Settlement agent, insurance person, inspector. 6.

The mold inspector said that the contractor could handle it but the home would need to pass inspection in the end.