Succinctly, I think there's an art and a science and that you should use conservative underwriting and follow the data.

The process a professional landlord would follow is to issue the pay or quit notice to a tenant the day following when rent is due, normally the second of the month.

I've been following Dr Dotzour for a few years.

The second you follow the masses you will be nothing better than mediocre... simple as that.This investing game i hard, rough brutal.

The house rents for $850/mo, and I think I could push it to $950, give or take - but the debt payments (30-year loan at 4.75 or 5%) and taxes and insurance would take up all of that, leaving nothing for renovations.One alternative I’ve pondered would be to secure it and then seller-finance it to an owner-occupant.

Following.

Would anyone suggest completing a formal business plan when starting a real estate business or simply understanding and following you goals and objectives?

Not Sure Victor, the roof isn't falling apart but has significant leaking to two of the townhomes which can be seen on the ceiling sheetrock. thanks for the feedback I will follow up with my credit union.

• Lastly, when negotiating seller held financing,we can negotiate the ability to substitutecollateral (move the mortgage to anotherproperty) or subordinate the mortgage so thatyou can borrow on the property and the se...

I do use that website, along with the CPD clearmap http://gis.chicagopolice.org/ (if you didn't know), and follow different Twitter accounts that post live police scanner calls.