Next up I'll be exploring what would the seller pay for peace of mind?

Like accidentally leaving the car light on in the car and having your car battery dead in the morning.

Networking with local investors through BiggerPockets, Facebook, and meetups can help you navigate the market, while avoiding common mistakes like underestimating expenses, poor tenant screening, and hiring the wrong property manager.Good luck!

Welcome to the community, Tara!

The most reliable method to locate liens and their positions is to conduct a title search through a title company.

@Joseph Opoku Yeah you can still get positive cash flow from day 1 in pretty much all areas except the A class neighborhoods.

I've called a couple title companies there and they are not familiar with the process and one said that the practice CANNOT be done in the state of IL.

Happy to share the details!

Originally when they were known as FlipOS, they would split up the interest payments,so I would pay the remaining amount for the month the house was purchased and then the remaining balance on the sale of the home to them.  

Quote from @Dinesh Nair: I am a Canadian investor with a US corporate entity- we closed on our first property and now working to find financing through a lender… however rates keep changing all the time.. is there a site to track rates ?