I am a tenant living in Chicago.

But I guess my best option is to just purchase it at the current interest rate since I still need somewhere to live.

The increased use of quitclaim deeds for bona fide real estate transactions is making title work more complex, and in turn, more expensive.

All the income should be deposited into your LLCs account(s) and ALL expenses should be paid from those accounts.

Buildium, appfolio etc are some on the expensive side.

There may be a lot of properties, but it won't do any good if there is no one here to live in them.

I have about 20 guys, we do live video walk throughs.

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEI will provide details below, but here's the short version for those who hate to read or do math.

Kind of like if you are new to Chicago and ask your co-workers where to live, they all tell you their neighborhood, because that is what they know.Three things I suggest:1. 

Hopefully your rent will cover all the rental home expenses and pay the heloc mortgage.