This assumes though that you are paying a fair market value rent.

In fact, I had several tell me it was illegal.I live in the S.W. burbs of Chicago, and prefer someone fairly close as travel is difficult.Thank you in advance for any help.Keith

I have read through the BP beginners guide, 10-15 articles on BP, listened to a few podcasts, read some blog posts, and read a bunch of BP forum posts.

I live in an apartment fairly close to Van Nuys and Sherman Way...it isn't too bad ;) As for investing in the San Fernando Valley, there are some deals here, but from my research they are better for doing flips.

Are you accounting for your time at fair-market labour rates or are you, like many of us, working for free?

There are a few bad apples in every bunch but the majority of them are sweet!

My kids were preschool age at the time, so we rounded up a bunch of tots and they did a great tour, gave us meat, and fed us buffalo shaped gingerbread cookies at the end.

You can't have him do work to compensate for some of the rent because you just have 3 units versus having a bunch.

Who knows, they could be a bunch of lazy mooches.You'll also need to document the condition of the home, I believe at/before close as well.Good luck.

Here in Charletston, SC, subdivisions are fairly common, as I imagine they are in most areas.