Yes, I agree in part, however, mid town has already taken off and you wont be buying cashflow propertiesThe boat has sailed as they sayI believe in finding other opportunities where price point is lower and appreciation is going to happen.

I suppose it's just a matter of keeping my ears and eyes open here and elsewhere to find the right team/pipeline including lenders who are willing to work with me.The good news is, If I cut my teeth in this environment, it should be really smooth sailing down the road.

That's awesome.....smooth sailing from here on out hahaWe definitely have a couple of Chicago masons that could take a look at this project for you. 

That ship sailed in the 90s (or if you were super lucky and bribed your way into a deal 2009-2010). 

I had this offer on a 5 acre tract in Northern CA.. the Agent this time listing agent was gone and no one was covering for him and he was going to be gone for 2 weeks well being 25 and highly motivated I figured out who owned it.. and contacted them directly and told them Hey your agent is non responsive so I am calling you.. ( somewhat of a violation I know but at 25 and hungry I did not care)  We put the deal together the seller liked my gumption and he turned out to own a software company in Silicon Valley lived in a mansion in Los Altos hills and we ended up doing deals together before he bought his 100 foot sail boat and left the country to sale the world..

Fasted way to fail completely and utterly is to going into a RE deal without substantial cash reserves.There was a day when lenders would lend based on equity but that ship sailed and Sank into the striaght of San Juan De Fuca.... its suicide as a lender to do thatThere is one Hard money lender on this site that advertises no money down and I think that is maybe were your getting your thought of paying up front.. this is always a very poor business model in most professional lenders mind.. they just make money on the up front fee and funding deals that are few and far between.

Thank you Dave Ramsey always says "the only ship that doesn't sail is a partnership" and I tend to agree with him.

You know, how they the only ship that doesn't sail is partnership.

In over 5 years there we have had one issue with a stolen phone but beyond that it has been smooth sailing. 

PP: $83k, 2/1, 2-car detached garage, conventional loan, primary, 5% DP (PMI), with an $18k renovation.The wind isn't blowing as strong into the ARV sails.