The height of each unit is about 8ft I believe.let me look up the sqft I believe it's a standard sized lot for chicago so about 3000 sqft Neighborhood is starting to see some nicer units rents are all higher but it's leans more low income I have a contact that is going to ask the alderman if I could build a separate unit and have the original as an adu architect suggested extending it as they believe it would be easier to get approval than a separate home

I have accumulated paper losses (e.g. depreciation) I’d like to use to offset my spouses W2 income.

I like the freedom of doing real estate deals, while helping people get what they want out of their opportunities to have property as another income stream.

You are paying 8% interest on all that money that is not being invested which means you are paying 8% with no income on it coming in the door.

In my opinion: Your current income is a major factor. 

Hey Max, while appreciation is a possibility in this market, growth might be more gradual compared to dynamic, up-and-coming markets offering both cash flow generation and appreciation potential.

Accounting Simplicity: Creating a specific bank account for each LLC can streamline accounting processes, making it easier to track income and expenses for each property.

Some states have zero state income tax. 

I pre-qualify them over the phone, with questions such as:The minimum gross income to qualify is $_______.

Your goal of purchasing a second home for rental purposes is a great way to start building a stream of passive income that can ultimately change the general trajectory of your financial wellbeing.I commend you on your dedication and eagerness to learn more, and I'm confident that with the right mindset and approach, you'll achieve the success you're aiming for.