This deal proved to be the perfect balance of financial gain and personal enjoyment.

Overall I would personally consider how I can still grow with the freedom that I have focusing on my real estate.

I personally like the buy-and-hold strategy and we help clients who share this long-term, wealth building mindset. 

I financed the acquisition of the land with personal and private money.

.✅ More Control – You’ll personally handle tenant screening, rent collection, and property upkeep, ensuring everything is done to your standards.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.

Personally I wouldn't feel comfortable trying to wholesale a relatives $1M home knowing that I am breaking the law if I cross over into doing anything that can be considered representing them in the transaction, and knowing it will only be marketed to people who buy properties wholesale (typically investors who don't want to pay retail prices), instead of the majority of retail buyers active in the market who are typcially willing to pay more. 

Personally, I advocate for a long-term investment strategy and would recommend investing the funds, provided you are comfortable with the expected return on investment over time.

I personally use 40% but I'm also in a higher rent area.

A person files for and get's whatever from of welfare.

@Antoine Black  In general, yes, it goes off your personal credit.