For a deal like that I certainly don't expect the 70% rule to be in play.

Just don't want kids in the garage playing in or on the cars.

A fun place for a progressive architect to play.

I'm wondering what direction I should take when I get started after re-locating to Chicago.I will have something in the region of $750k to play with, and I am looking to use it to provide me with an income.

State specifics will come into play with rights of redemption but it doesn't sound like the occupants want to try and get it back.

A landlord reference can help alleviate concerns about damage, cleanliness and whether they play well with others.For what it's worth, some housing authorities are easier to work with than others.

This may be old news, not sure if it's a black friday thing, but I was browsing Google Play Books (yes, at 7am), and found summaries of The Millionaire Next Door, E-Myth Revisited, and similar books for free.

I agree with the prior threads and your conclusion to pass on this file.Just like there are professional deadbeat tenants, there exists, sadly, people who excel at borrowing with little or no intention of repaying a debt or settling up.While I might be willing to play brinkmanship games with an amateur, I've got a basic rule of investing that says 'don't play the other man's game.'

Depending on how "ugly" the exterior color is you might need to do that to get people in the door to see what sounded like an otherwise nice rental house.Adding a finished basement with another BR and a Bath is a good value play but I also assume the rent goes up a bit as does that houses value so you need to decide if it is worth it.The rent is a little lower than you saw before so that is a factor.

Thanks for the help, I'll keep playing around with it.