Let's break down the numbers for the multifamily property you're considering in Chicago:The multifamily property in Chicago is a potential investment opportunity with a purchase price of $580,000 and a monthly rental income of $4,200.

I have been a member for a while but finally decided to engage instead of sitting on the sidelines.I'm all about making connections, absorbing wisdom, and even exploring mentorship opportunities here.

There are some great opportunities in the Ohio markets.

However in the past I've done the majority of the physical labor on the jobs, and have grown weary of this part of the process, I've tried hiring contractors but pricing seems so high it's hard to make deals work, so my question is where do you find people to hire full time for general work like drywall, flooring, painting, etc.....

HI Edith, you are correct, there is a lot of competition out there currently, especially in the Florida market, but there are always opportunities, even in a competitive market, just always make sure to do your due diligence!

Generative AI is creating new opportunities for property design and marketing, while analytical AI is enhancing investment strategies.Pioneering Solutions for Real Estate ProfessionalsAmidst these changes, solutions are emerging.

The people that work for those necessary vendors will do their jobs but that doesn't necessarily mean it will be the best thing for you or your asset.

He greatly enjoys this over his full time job and our goal has always been to get to a point where he can quit is w2 job and do real estate full time.  

If you have self employment or gig jobs you need 2022 and 2023 IRS taxes filed and all the pages/1099/w-2/LLC/Corp/personal and 2024 income.

However, I also see it as an opportunity to potentially pass on risk (maintenance/upkeep/repairs) to an Airbnb host, assuming insurance coverages work out, and/or ask for a premium on top of what I listed the unit for.