Is a regular townhome or a condo better to start off?

With an LLC properly set up for multiple income property purchases, you actually don't have these concerns to deal with.Here is the quote from j Martin I was referring to earlier.

Did they refer this person to you??

Does anybody have any good references for this type of work in the west suburbs of Chicago.

Did you get references and talk to previous customers?

The interest is regular income, the longer you hold the obligation the more you make and are taxed. :)

I saw the sticky on top of the page however, I would like to ask if anyone knows of or can share their business plan for a visual reference; I'm kind of lost and confused on how to start one and can't get the right idea...

While I agree that a good property manager is a must, as @Chris Clothier mentioned it's still imperative that you visit the property regularly to ensure that your interests are being looked after, and this alone eats considerably into your cash flow, not to mention your time and energy.

And even if the house doesn't need a complete cosmetic rehab, we'll generally do it anyway, as we don't like houses to look only partially new.For reference, you can see a list/pictures of each of my houses on my website, along with all the detailed financials -- this includes the rehab costs down to the penny.

I argued that couldn't be true because within 45 minutes away there are two different counties who operate totally different (more like the scenario you're referring to).