I’ve been at a real estate investor conference this week hosted by BiggerPockets.com, a fantastic online resource and community for real estate investors (And if you are unfamiliar with this community, I highly recommend you check it out.

Make sure it’s fully furnished, includes utilities and Wi-Fi, and has easy self check-in.

Roof condition is something that my brain checks automatically while I get out of the car the first time I see a building. 

If I remember I wrote a check for $198,000 to the IRS and maybe like $89,000 to the State of CA.

@Jonathan Klemm check out on youtune Dion's talk binder method.

While it doesn't have to be labeled but you must notify the tenant in writing within 30 days about the bank name, address, account number, and amount deposited.Here in Oklahoma, laws often require an actual escrow designation, a separate savings account in your name, solely for holding that deposit.I recommend always double-checking the latest NJ statutes for any updates!

It's written into the lease that tenants must deposit their rents into that particular account (either by online bank transfer or by walking in a check/cash); I do not collect rents directly, nor would I if anyone asked.

I'm from Aurora's sister city, Elgin, on the NW side of Chicago, but live and work primarily in the city.Highly recommend checking out some of the local meetups throughout the chicagoland area. 

Go check it out!

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.Metro Detroit has 132 cities, the City of Detroit 183 Neighborhoods, which we’re analyzing and classifying.