If you are new, be sure you can raise the funds before proceeding.In my opinion, you are going to have a hard time raising money with a 6% pref and 70% of the profits after that unless you have a lot of newbie investors in your Rolodex. 

We targeted 4 br properties at or under $300k.

Letting Go for Your Bottom Line: A Lesson for Real Estate InvestorsHey BiggerPockets Community,If you’re a real estate investor, whether you own rental properties, flip houses, or manage syndications, there’s a critical lesson that could boost your bottom line: Letting Go.Many of us get into real estate because we want control over our financial future.

Sounds like this could possibly be a Schedule C activity so keep self employment tax in mind.

IF you can't find information for your local area from a reliable source (ie government) that you are comfortable following, hire an attorney who does evictions.

Hey @Nike Onyechi - Not sure...but maybe it was @Tom Shallcross who was on the podcast somewhat recently, a value add investor, and chicago broker.

I have gotten a few loans through Kiavi.

We have been around the bigger pockets community for over a decade now and have more 5 star reviews on bigger pockets than any company on this website in any industry (>270  5 Star reviews).

The right agent will provide a pro forma breakdown on every property they look at, have repair costs estimated, CapEx, etc...

Shadow/mentor a person doing it.