If you elect to convert gross leases to NNN leases, you'll most likely need to reduce the rate so it is equivalent (or maybe slightly above) the amount the tenants currently pay.Before you walk down this road, make sure the commercial units are separately metered.

But taking my willingness to move on as weakness and incrementally increasing the bill amount unreasonably.So, I want to prepare myself for all eventualities.

I am wondering if there is an easy way in Cook County to find the amount of legal units in a multifamily property without pulling a zoning certificate.My situation:I have a property that is being marketed as a 5 unit, 3 units main & 2 units coach house.

A real estate course will help you do more learning than searching, which will save you a tremendous amount of time. 

Funded my LLC and bought the properties.Am thing thinking on drawing down on my available HELOC the same amount as my down payment.What would be the tax treatment on interest paid on HELOC? 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I know there are a few videos on youtube worth watching about how to generate your own leads and with minimal amount of money you can use options such as direct mail, signs, a website where distressed owners can input their information and it will relay them to your email. but definitely worth looking into. 

@Eric Patrick Oden, that approach works however the difficulty lies in selling 30 POH for $10,000 cash (or even $5,000) to potential tenants in a reasonable amount of time.

You'll need to have a net worth equal to the loan amount and 10% of the loan amount as liquidity.

This is because students move from different cities for school, so the amount they are willing to pay for a room won't vary too much from city to city (whereas the family rental market depends largely on the local economy and average incomes).