As well as stay plugged into the forms here at Bigger Pockets.

So long as your contract contains a provision for it, you're allowed to increase the rent by a set amount if additional people stay longer than (usually) 30 days.

You will have ups and downs, but stay with it.

My other option is to stay home and continue studying for my RE license exam.

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Since it's a place I would live, I would try to stay around the West/Northwest suburbs of Chicago because I work in Naperville.

Lower down payment will definitely impact your passive income, but your cash on cash return should stay proportional.I myself am still new to this and learning and would NOT say I am an authority on this, but I wanted to share my experience with RE in Alaska.

The laws are spelled out and well defined.If you are determined to hold in D.C. then I would stay away from wards 7 & 8.

I have purchased several properties, was suppose to settle December 17th they extended it to January 8th, they are a large group and they outsource to other people to handle the in between.Just need to stay on top before and after settlement and look at your settlement statement in advance make sure fee's are in line.

Keep in mind that the 2% rule serves as a quick and dirty way to stay out of trouble if you don't have confidence in your taxes, expenses, etc.