Forgive me for thinking out loud here So, if I had 12 doors rented at $1,000 each per monthand they were paid off-----then the 50% rule would put me at the $6000 month passive income I seek.

Would the seller do a Quit Claim over to me at the time of sale? 

FMV is around $500k but after repairs that isn't a lot of meat on the bone for that much risk.

You may often find me at the excellent downtown Kirkland library, going through their selection and really focusing on learning.One thing it’s taught me is that there are a lot of questionable get-rich-quick and no-money-needed schemes out there!

However the planets and the moon didn't line up for me at that time.

This is important for the obvious reason that no one likes having their properties under rehab robbed.I'm guessing your numbers are based on figures that might have been cooked, partially cooked or at least defrosted by their accountant to stir interest.

I guess these two authors were most influential to me at age 20 having just served three years in the US Army and trying to discover what I wanted to do in life.I haven't stop reading or learning since.

Currently I have been looking at housing prices on Zillow (which I know isn't the best place to go to but it is very accessible for me at the moment) and comparing rent prices to see what kind of potential ROI there is.

In Cook County, in order for your unit to qualify for Section 8 you have to go through a certification process.

I'm looking to purchase my first home - not sure what to start off with, either single family home, duplex to "house hack", wholesaling, or flipping all interest me. At