Now that you have made some essential repairs, will the property continue to need things fixed or are you good for a while?

Though it depends a lot of the area in a low price point area I don’t think it would matter that much, if all the houses around you are pretty new or even a historic district it could matter a ton.

The school district is where we would like for her to be and the neighborhood is pretty decent.

No way would I want to deal with those tenant laws and high property taxes.The state of Illinois is essentially bankrupt.

Having recently obtained my real estate license and Property Management Master certification from the California Association of Realtors, I’m seeking that essential “real-world” experience in landlording/property management.

(I know USDA offers now down payment loans but those are on homes in rural areas, so essentially I would scramble for renters, and two I would have a hard time selling the property)? 

Account Closed is essentially recommending the same thing, and I agree with him. 

Plus, you’re essentially paying him to do it (by allowing him to deduct from his rent), so why not just pay a pro who you know is qualified and will do it properly? 

(Place is in great shape, and in 4 years have had essentially nothing serious happen).All that being said, I was wondering if there was a way to lower my monthly mortgage, ideally to get it down to about 1500/month so then we would be breaking even and I can stash even more cash away to buy up my next property.

Essentially, we take an inventory snapshot on or about the 18th of each month.