This means an investor that commits $100K contributes $37,500 at close and $62,500 at construction.  

This will help you close deals faster.Focus on marketing and lead generation to find motivated sellers—direct mail, driving for dollars, and online marketing all work well here.Know your numbers—being able to accurately assess the value of properties and make solid offers is key.Network with other investors and professionals—attend local REI meetups, connect with title companies, and build relationships with hard money lenders.Feel free to reach out if you ever want to chat more or exchange ideas!

For this reason, I often recommend setting up separate LLCs for Illinois investments.

Figured I would share here in case it would be helpful to anyone furnishing their first property.

Does that help?  

Once you have this part down, decide what your target returns are.

Thanks for your time and help,Melissa   I’m going to provide some alternative advice.  

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

This prevents the foreclosure from damaging their credit for years, but also does not return equity.The homeowner may consider selling the house on the MLS or FSBO.  

Aside from grass roots networking, what technology can help me find pre-market deals?