They bring local knowledge and expertise that can significantly increase your chances of success.Christine, I hope this helps.

Get it under agreement for less than asking price and offer to bring the loan current and have them carry that loan.The way I see it is they are just getting MLS properties under agreement - the last five I looked at had been sitting on the market for more than 150 days (overpriced) because the payoff of the loan would not be satisfied at lower price point. 

These can bring in significantly higher revenue compared to long-term rentals, especially during peak travel seasons​.Single-Family Rentals in Growth Markets:Target neighborhoods with growing populations, good schools, and job opportunities.

The answer is to find different lenders who will let you bring in an appraiser and get 75-80% of the LTV, not the purchase price.

Excellent point, thank you for bringing this up.

Also, if anyone is open to JV deals or mentorship, I’m eager to learn and bring value where I can.Looking forward to connecting with you all!

This strategy is especially effective given the current lack of entry level homes in Chicago.Our two cents - thanks for bringing this topic to the forums!

The initial plan was to do minor cosmetic things and bring the kitchen and bath up to date but not knowing this fact made our $5,000 budget go to $50k costing us the two year full rehab.

The agent will not be paying you/seller/buyer because the agent does not bring money to the seller/buyer in any fashion in a transaction (typical transactions), unless this agent is a partner to that person buying the property, or they are a principal to the property.Let me know if that makes sense. 

@Bryson Ragsdale search "house hacking biggerpockets" in spotify or the Podcast app and that should bring up the ones that talk about house hacking!