I would like my first deal to be close to home so that I can be more involved in the process of going to look at properties, but I live in Chicago and am not too excited by the real estate market here given that the supply is increasing (lots of new construction), the demand is decreasing (city population declining) and Illinois is just going down the tubes financially (some would argue that the state is already way down the tubes).  

Also mentioned that in the Last couple of years, population is decreasing.

I started out learning the fundamentals, decreasing the fear of failing, and finally became active this year.

1. $100 net per unit2. 15% annual NOI growth by increasing rents and decreasing opex3. 20% IRR (when you sell after 5 years)4.

It will probably decrease your cashflow about $25 a month.  5K on any one deal is within the margin of error if you are trying to build a portfolio in my opinion.  

I offered to take lower the rent to $800 per month, a $50 decrease, if she signed for another year.

Is the crime rate increasing or decreasing?  

So does this mean that your PMI decreases over time as you pay down the mortgage?

Rent-to-value in Round Rock has decreased 20% in the same period.

I have the next 10 weeks off and I have the hustle, muscle, and desire to work and bring value to someone who may or may not be looking for some help.