I noticed the Chicago market has changed quite a lot since I started back in 2018.

Just starting in the Real Estate businessHey everyone, just starting in the Real Estate / Raw Land  business and am eager to learn as much as I can as I make progress in the upcoming weeks.

Try and meet with someone at the City to discuss - go to City of PHX Development Services and start there.   

I've been wholesaling for over 8 years and I promise you, there is more knowledge to be gained by getting started and learning from real world, hands on experience than from paying $2,000 - $15,000 to some guru from Youtube.

Hi Sandra, First, let me start off by apologizing. 

Hello,I am setting up my LLCs this week to start my real estate investing journey and shortly thereafter plan on setting up bank accounts for those LLCs.

Wait til we start talking about management software and call centers!

We have started to think about selling the property and using the proceeds to buy another home in a more desirable area where we believe market and rent appreciation has greater potential for growth.

IMHO, starting at $150 was way generous, and I'd stick to that number.NOTE:  If they actually couldn't stay in the property, they could claim that against their renter's insurance--that's one of the reasons it's there, and why we require it on every rental.  

You might want to explore STR tax strategy if you are finding that the long-term rental tax strategy isn't working for your personal situation...