talks about a contractor  etc etc.. yes i get encrypted e mails from title companies.. our business 90% of the time is repeat with our title companies that i have personally visited on my trips to the markets. 

Hi BP Gurus / Seniors,I am new to the REI and placed an offer for my first multi-unit property.Here are the details.Area: Near by Shabbona Park, DunningNumber of Units: Legal 3Built: 1950Price: $455,000 ($450k (purchase) + $5k (Minor repairs: Nice to fix but not an immediate need))Loan Type: Conventional (20% down & 2.5% interest rate)Annual Gross Rent: $38,400 (Tenants pays Electricity + Gas)Annual Expenses (Property Tax + Insurance + City utility): $10,000Parking Space: 3 (Garage – 2 & Side Pad – 1)Other details: Exterior Brick, free laundry in basement, all units occupied and it is a turnkey property.Pros: Steps away to CTA Bus Stop; Good Elementary school (PK-8); Walkable to Shabbona Park Recreation, Restaurants and Grocery Stores; 10 mins drive to Schiller Woods; 15 mins drive to Airport & low crime to visit the property any time confidently.Cons: Below average High School & 20 mins CTA Bus to Blue Line.My Situation: I will be in Chicago area until next Summer and relocate to Texas.

For my house hack I'm coming out way ahead compared to renting an apartment even though I paid full retail for an MLS property.

You're doing a great job planning ahead. 

And, I've had a few minor issue that bit me, but overall, WAY ahead.

If that goes well, I'd look to doubling that every year (but I don't want to get too ahead of myself).

It's gets cooler and prettier each time I visit it.

The guy had moved out two months ahead of end of lease, took the internet which made watering non existent (smart wifi watering).

Not that you can't do it, just have those conversations ahead of time so you know what your options are and always have multiple exit strategies.My wife and I host a virtual meetup and we did about an hour on BRRRR refinancing a couple months ago if you want an overview.

HELOC can get closed down by lender if market goes southNON owner cash out refinance is expensive today as to the risk lenders see ahead.