(Always remember that)I’d recommend diving into some BP forums, work with other agents (some of them, like my team have GREAT Off Market Opportunities) for distressed properties — there are also plenty of investors here who can offer insights and tips on improving offer terms, timing, and strategies.Remember that building a strong network of agents and wholesalers in your target market could be a GAME-CHANGER, helping you get ahead of deals before they even hit the market.Keep us updated on your journey!!

Remember, this will be my first-ever home purchase.

Remember there are 4 main avenues to make money in real estate: appreciation, debt pay down, tax benefits and of course cash flow.

But we do have to remember BP is basically an incubator site but there is plenty of active investors watching etc so there are lots of highly qualified folks as well.

One thing that is really important to remember about Chicago is that is has many different subeconomic markets in it.

The advantage of this LOC is that it offers an integrated checking account/routing acct # so you can treat the loan as a "checking account," and it auto sweeps or calculates interest daily and closes out your position so that means any funds credited to your account can lower your daily interest cost.I have one that is fixed for 5 years interest only but its a commercial LOC that I use for acquisitions and it calculates simple interest which is nice when you want to make early payments or if you'd like to do those pay check parking strategies or rapid debt free strategies.Most lines of credit do not have escrowed tax and insurance so this means you will have to pay it on your own.When I do LOC's on rental's I just have the PM (property management) take over the responsibility of escrowing the property taxes and insurance so I dont have to remember when to pay them.Typically LOC's are full recourse but at a low enough LTV Im sure you can negotiate a non recourse LOC but that'd probably be in the commercial realm at a bank small enough where they'd be willing to negotiate, probably.

And make sure you remember partial back payment is better than a cleanout and vacancy bill.

Remember to mitigate your risk at every step that you can.  

Remember you don't have to own a property to control it.Good luckPaul

Just remember: most negative reviews are written by problematic tenants.