Do you have any recommendations for real estate agents, contractors, or other resources in the area?

Your biggest problems here are going to be how to properly qualify someone, what to do if someone stops paying, footing the bill if you have a big repair item, finding quality and reasonable vendors/contractors to fix things, and keeping track of payments.If this isn't you, give me some more context of where you're at and I can give some better insights. 

I am a contractor and have been doing work for a broker.

The reason for this is because most mechanicals electric plumbing are more in line with today's code, and a lot of these properties typically need more cosmetic type of rehab.

I can fix almost anything and have experience with electrical, plumbing, flooring, roofing, siding, drywall, etc.  

I hire a contractor to jet the line. 

•Use this funding wisely for investments like property down payments or marketing.5.Network & Learn:•Use Year 1 to build a strong team (agents, wholesalers, portfolio lenders, contractors, etc.) and deepen your knowledge of the market.

For older properties, expect a higher CapEx due to potential issues with major systems like roofing or plumbing.

I'm the real estate agent for the purchase, the contractor for the build and now the property manager for the property.

It's amazing to see old properties get renovated into something beautiful again - It's one of my favorite things about being a Chicago general contractor!