This is the most desirable for both renting and re-selling, all other factors being equal.4.

Assuming title, taxes, insurance are equal across the board overall costs would typically be about $1,250 in lender charges, appraisal maybe $700-900, credit report for $100.  

It’s essential to know the income and expenses for each property in the portfolio, and equally important to track each property’s basis, adjusted basis, and accumulated depreciation.

;)Where we disagree is your statement that "so the new property must have an equal amount or more 1245 property." 

If the property appraises for higher than the offer price, ask to increase to appraised price or 2% higher and get a closing credit of an equal amount.3.

Getting started is as always the hardest part - building out the logistics, legal bits (for import duties, etc), marketing (be it a website, direct b2b marketing or Amazon) and sourcing the right suppliers are all equally difficult (yet interesting) tasks.

This is an equal opportunity industry: agents of all skill levels have almost equal opportunities to represent clients.

We just need a few tweaks here and there, like this one: The Equal Opportunity for All Investors Act of 2025 (H.R. 3339) is currently working its way through Congress.

Generally, agency lenders want:-Net worth equal to or greater than the loan amount,-Liquidity of roughly 10% of the loan amount, spread across the guarantor team.This becomes a gating factor as you scale.

Whatever criteria you choose, make sure they are:• Written down and saved (for documentation)• Applied to every applicant equally• In compliance with Fair Housing laws, including local Chicago rulesSome landlords include a short version in the listing (for example, “Minimum 650 credit score, income 3x rent”) and then share a more detailed checklist or prescreening questionnaire when someone reaches out.