It has been my experience that this trend starts to initiate the change of a cycle and if interest rates move up the construction will slow.

Trying to start out slow and steady, (and somewhat idiot proof for me) my wife and I paid cash for our first real estate investment (buy and hold) at the end of February.

You're trading equity for a liability and cash, I understand leverage pretty well, you can increase your cash flow, you're on a very slow pace increasing net worth.Back to the velocity of money, the quicker money move the more efficient the capital is used.

:)In my years of helping people buy and sell real estate I've always had a deep passion for homes, I think partly from living my whole life in a small apartment in Upstate New York while my single mother was on welfare trying to make ends meet for a few years.

Second, their property manager is a little slow on communication, and I've heard the same complaint from a couple people I've talked to about ABC. 

Deep discounted ownership of the transaction?

Slow and steady wins the race.

It's great that you kept an eye on the market in your neighborhood and didn't get so focused on your slow flip that you would miss the signs.

The high property taxes , negative population growth all had me rule out Illinois as a potential place to buy an SFH as a rental property.But due to the slow pace and difficulties that comes with finding the right SFH investment in another state, I am having a rethink.

It is tough to live in a place with no working toilet or shower.When I did my kitchen I moved the microwave to the basement along with the necessary kitchen dishes since there is a deep sink down there.Clean up after every small job.