The plan is to refinance out of the original loan into another loan once we have 80% LTV.3) We have an Operating Agreement that defines what to do in these situations.4) This is actually a very good call and I will work that into the agreement.Thank you for your response and good food thought.

So is food,, education, medical, dental etc. basically core services. 

I remember when I was 3 in Africa and my mom woke up to me at night trying to sneak some food.

a while back in NYC and he had a few take-out food places (Chinese/Sandwich/Burgers) next door.

People need food, water, air, power, and shelter. 

I recently completed an eviction in the Chicago suburb of Berwyn which is in Cook County.

Purchase price: $345,000 Cash invested: $40,000 Sale price: $605,000 A gorgeous renovated kitchen features white shaker style cabinetry, with granite counter tops, SS appliances & gas cooking!

Also when you see the 1% rule, it doesn't necessarily work in Cook County due to the high taxes. 

Hey @Jason Cook Congrats on your first rental property! 

Fair enough - food for thought, though, if 6% is the best you can do in the area, but you've got that amount of cash to play with, look in a different market.