I am a full time investor, in the Chicago and NW Indiana areas.

(We lived in Chicago)Also, don't forget to tell him you love him every time you talk to him.

The owner's financial situation has absolutely no bearing on the obligation of the tenant.

I've researched insurance and that's a bear but doable.

Except in a case where the location is exceptional like beachfront or a destination city like New York, Chicago, Miami, your simply going to reduce your upside with repect to apprecation.

If Chicago gets the Olympics, you could probably pay for a quarter of it by renting it out to some foreigners and working a deal with a luxury car rental service to add a red ferrari rental to the deal.

Hey everyone,

I'm a business student at the University of Illinois and am thrilled to find a place where first hand real estate knowledge is so abundant! As a college student looking to get into real estate investing...

I go to NC for awhile and then sell the property for 2.3M and the attorney closes the transaction for $550 which included a Seller's Title Insurance policy from Chicago Title.

There's also a HUGE study by one member of a large number of properties (mostly apartments) over multiple years that bears out this number.Even though your HOA is theoretically covering some of the expenses you would pay yourself on a SFR, its still entirely possible to have a big expense and have an assessment.

For three years I owned a physical, real estate investment magazine called Invest With Passion, in the metro Chicago area.