It's completely legal, very simple but powerful.

Just make sure you're actually putting pen to paper and doing your due diligence on underwriting. 

Very simple as Chris notes its just an up front agreement..

I was never aware about the fact that It's simple to start up as long as you put In the work to learn the topic like the back  of your hand.

As I studied earlier, the first thing you should do is marketing, then get a call and do a property analysis to understand if it's profitable for you, then meet with the seller and sign all the necessary papers, then if there is a debt in the bank we do a reinstatement quote, then do a title search to check if there are any hidden debts, if everything is fine we look for an investor or flipper and sign an assignment of contract with him and wait for closing to get our money.

Once your build contract is signed and the build deposit is received, it's not just a matter of filling out some simple paperwork to start the permitting process.

Hey Hey @Veronica Mitchell - The most simple advice is to follow the CTA trainlines.I personally love the South East Corridor of Chicago which has Bronzesville, Kenwood, Washington Park, Hyde Park, Woodlawn, and South Shore.That area will continue to be gentrified because you have the lakefront and CTA trains.Others mentioned NW along the Blue and West along the Pink, Green, and Blue lines.

It's really simple; when ya don't know what to do or how to do it HIRE and employ those who do. 

You can always start with the Simple Start subscription and upgrade if you find that it isn’t meeting your needs.  

Beyond that, every city I have been to has rough areas where "cash flow looks great on paper" and "nice areas where appreciation should be great".