I am a fellow house hacker and think it's the best way to get into the game if your circumstances allow it!

I love the why and your current game plan.

Generally you go with the strictest ruling.With that said, it becomes a risk play.

Illinois requires a license to market aka wholesale more than one property per year.Are you looking to get into the wholesale game here? 

it is technically a real thing but very rare, and there is plenty of historical data out there that shows those who have less skin in the game are at a far greater risk of default by a factor of 5-7x.

So I require skin in the game (average is 5% to 15%) to offset this.

I learned about the power of leverage with real estate investments and now make 16k/month net after all expenses off rentals by doing a cash out refi on my primary residence to get me in the game.

I am new to the real estate game and got my foot in the door by purchasing my first property as a live in renovation.

All insight is appreciated :) @Deja Clark LOVE your willingness to jump in the game.

Hi @Shan Randall,Welcome to BP and congrats on stepping back into the landlord game!