It’s easy to say “just screen better,” but I imagine truly tightening up criteria without killing occupancy can be an art.Since you’ve seen this play out firsthand, I’d love to hear more—what specific strategies have you used to filter out the bad tenants from the good ones?

We have specific and unyielding criteria for this, which we provide to all potential borrowers in advance.

@Kevin Waymire I have bought and sold 5,300 units.What specifically are you wanting to know?

In many cases, the $/sq ft value for an ADU can be slightly discounted compared to the main home, but it still boosts overall property value.As far as the specific question about Feliz/Silverlake, maybe reach out to a local appraiser or RE agent who would be able to give you specifics.

Are you planning to sell your motel?

It became your strategic advantage.The Moral of the Story:Sometimes in tax planning, what looks like a lemon can make premium lemonade.

- Are there specific areas of Chicago that you are more interested in than others?

For rental comps, tools like Rentometer, Zillow, and Apartments.com are great for comparing similar properties.Feel free to share a specific property or area, and I’d be happy to help guide you through running rental comps.

Hi Perry, getting an LLC would be smart if you plan to scale your portfolio.

Yeah this is exactly the plan!