First Investment Property

[Alex Franzese]

I've recently gotten into a deal that has not gone well at all.  I was referred to a company called Chicago Action Investors who, in my behalf, took out a few high interest loans, and sold me a property with a promise to help guide me through the process.  After a few months, I had to split ways with them because Aaron Vaughn, the owner, was feeding me lie after lie about the process.  I started this deal last October and I'm still working with my lawyer to acquire the title because his lawyer documented the quit claim deed incorrectly.

The property seems to still have promise to possibly help me break even if I am able to complete the project, but I wanted to ask the forum for any advice for a newbie investor on what to do next.  Once my lawyer is able to get the zoning certification, I will be able to start working on the project.  The property is in Englewood, and it is a 3 flat.  Once I am able to rehab the property, should I hold onto it as a rental or should I try to sell right away?  

I'm trying to learn as much as I can about the Englewood area but if anybody knows the area well and has any advice for me it would be greatly appreciated.

Thank you.

PS.  Does anyone know if there is anything I can do to stop this Chicago Action Investors from continuing to do business?  I would hate for them to be able to do this to anyone else.