This means you are responsible for the drywall and everything else in your unit.If you were asked to purchase surface coverage in you are responsible for the paint, cabinets and all furnishings attached to the dwelling but not the drywall.

Chicago is a fantastic market but knowing the local rules and having a solid network is crucial for your success.I house hacked a property in Irving park a couple years ago and it's one of the best decisions I've done.

If you don't mind, I would love to see some examples of the model structures you mentioned in your response. 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck. 

On the financial side, doing bookkeeping monthly is crucial to make sure I don't miss any expenses. 

Benefits - wont be responsible for repairs, will collect monthly income for x amount of years.

I’ve seen investors skip crucial elements like verifying title or reviewing the original mortgage terms.What’s one underwriting detail you think beginners miss the most?

Networking: Building strong relationships has never been more crucial.

The communication part is crucial.

For example, my policy states the tenant is responsible for burnt-out lightbulbs and clogged drains caused by misuse.