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.

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

The bank will sell notes to other banks, mortgage companies, dealers and those who hold the proper license in a mortgage industry activity, just not to Joe.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

There are ways for the smart, savoy, and willing to educate themselves fast, folks who want to build wealth in real estate to do it now and rather quickly as compared to most other industries.

Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, grocery stores with machinery, shopping centers with rainwater drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.

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.

If you have any questions or are looking to just connect with others in the industry, don't hesitate to post! 

If you want appreciation, identify markets with expanding industries, positive growth trends, and bright economic forecasts.Columbus, Ohio is a great market to consider if you're looking for appreciation markets that still cash flow.