I'm sure many of you can remember how scared you were with your first deal.

Ozone machines are horrible for you and can cause health issues.http://www.epa.gov/iaq/pubs/ozonegen.htmlGet a fogger and use a water based air cleaner and an air purifier.

I haven't been here for a while due to health injuries.

A dash is one thing, Indian foods too much for me.That's why my lease included producing offensive or dangerous odors that caused reasonable complaints or health concerns. :)

There are other issues too, like her health and means, going on title now with her may solve other issues.

I know some people scare away as I've heard all the horror stories but I'm just looking at the numbers & the area.Here are my numbersPrice: $189,000Monthly Rent: $3682Maintenance: $150/monthManagement: $368/monthTaxes: $300/month (Don't know how accurate this is in the city of Chicago)Insurance: $100/monthLandscaping: $100/monthUtilities: $300/month (owner pays water)Total Expenses: $1318/monthMortgage: $$859 (5.5% w/ 20% DP, 30yr)NOI: $1,505/monthCash on cash: 41% (assuming 3% closing costs).Cap: 15.07%GRM: 4.28To me this seems great, but also too good to be true.

I'm looking to purchase my first home....I'm scared of a live and flip cause I don't have much experience in construction ....and to be honest real estate seems high in my area....I was thinking of bujying cheap condo in the garneau area and search for a rental property elsewhere....

In fact, my plan is not to exit at all.So again, I come back to the point, does any of what I have stated scare you if you were planning such an acquisition?

On the bright side, if we ever need to sell, moving a single-family is generally easier than a multi-family.So that's a few of our insights as we wrestle with a similar situation.MikePS- We actually considered investing back in Central Ohio, but the high property taxes scared us away.

With such a huge percentage of home sales in cash and the mortgages being more scrutinized, I feel better with the health of the real estate market.