I work mainly on the north side on Chicago and many realtors from south side call an area C that I would call a D and area I call B they would call A My grading goes like this.....

Every house I have purchased was sold "as-is" (good opportunities) and had no bearing on the deal.

Yup, this is exactly the reason that I wouldnt allow delegated correspondent - it's too easy to get greedy and gloss over red flags when you get paid to package and sell risk to your partners instead of bearing it yourself.

Your cleaner's income has no bearing on yours.

Hey @Dalton Foote - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

Plus, we revise the vision yearly at QB, our Chicago General Contracting Business, because it is constantly changing, and it's not my vision...It's the business's vision.You can do a business vision or a personal vision. 

Here in Chicago, we've found some of our best contractors from other good contractors or investors; I've found the in-person meetups yield the best results, so maybe you can take a trip to Maryland? 

I am still living in Chicago but plan to move to New York in a year or two.

No offense to realtors but how a property is set up or length of time it has been rented for has no bearing on the legality of the property records on file if they differ.

If it’s in Michigan and you put it in a Wyoming LLC, what will happen is they’ll sue you in Michigan and it will still go by Michigan law…Wyoming law will have virtually no bearing.