I have known Jered Sturm at SNS Capial for many years and they have an outstanding reputation.

I am looking to start investing myself by purchasing a primary residence and then converting to LTR after 1-2 years.

It is updated every year to comply with the new Chicago rule and regulations (residential landlord and tenant ordnance). 

They are one of the higher maintenance items and seem to only last a few years before being loud, wobbly or needing replacement. 

Home prices are rising steadily, with a 7% increase from last year.

Being a first time landlord I may have under priced my rental but it covered the mortgage and I have been without a tenant for a grand total of 15 days in 6 years.

@Michelle Fenn Aloha Michelle — I know this is an old post, but I’m trying to figure out the best option in reporting a delinquent tenant to all 3 credit bureaus if possible.

So I will need to carry the HELOC balance for about a year.

For bigger transactional income we have our building projects which I have to PG however even though the risk is always there we have been blessed these last 4 years on these that equates to about 120 homes built and mostly all sold.. then the balance in Notes a few long term.. and JV partner on land deals and flip houses those have zero debt.

As a 15 year, out-of-state investor my recommendation is to ALWAYS choose whatever city you have the most trustworthy contacts in.