That way you mitigate any market risk by buying when it's low, buying when it's high, and buying in between.As long as the property cash flows, I really don't care what the value of the home does. 

It looked like the lawyer was cutting and pasting info into the document and doing an extremely poor job of it.

First, you need to be very, very careful given your brokerage relationship (and license). 

That only banks really cared about operational agreements and we could tear up and submit other versions later.

I also check to see how many other properties this same landlord owns, so I can have a casual conversation "landlord-to-landlord" being careful not to say anything discriminatory of course.

These were properties the sellers didn't necessarily want to actually have to finance, but since the houses lacked the maintenance and lacked the appeal to go into the MLS, they were told by the agents to take care of it so it could be listed.

I have a place in Vancouver, so I don't want my net worth to cut in half by one single event, being the crash of the Vancouver housing market.  

I know you manage all your properties here in Chicago by yourself but do you know any reliable property management company in Chicago that can take care of my rental properties ?

We didnt really care, that could be chalked up to difference of opinion.Heloc applied for to be taken out. 

On this, I advise that you be careful in your spending.