They get less headache, nobody pays capital gains, and you can mutually decide how much you get paid as property manager and how much rent should be depending on whether they want to give you money (property manager fees) or you want to supplement their retirement (rent), and you get the property when they pass on.

Chicago building code requires 8% of natural light and 4% of natural vent for living and bedroom spaces.

Do you recommend supplemental insurances policy (caused by tenant negligence) and preventive maintenance (HVAC and termite)?

We've only now gotten to large scale testing, so naturally more people are going to test positive.

Supplementing your knowledge with the knowledge of others can help you avoid mistakes you may have otherwise made.

Ended up selling the property as a package with another Duplex when we discovered natural appreciation would provide us a good return.

Most of the work I do in San Antonio, TX requires hard money lenders due to the distressed nature of the properties and quick closings, but those are the only reasons.

Yes, that's the nature of the cycles, but as William Wallace says with the cavalry racing toward him, "Hold ... hold ... hold!!!"

Naturally, you want to take advantage of historically low interest rates, but you also want to buy at the lowest possible price.Things are changing rapidly, and uncertainty is still amidst.

I am looking forward to meeting likeminded people and learning more about using real estate to supplement my current income.