Make the start date of the lease contingent and effective upon closing. 

It is awesome that you are getting started early in your career. $220,000 is definitely a lower purchase price amount and really limits you on what you can buy.

The meeting starts at 6 pm CST and members and 1st-time guests are free. 

If you are just getting started here in Chicago, house hacking is the ideal situation.

Hey everyone,I’m new to REI and I’m wondering if you guys have any advice to share on coming up with rehab estimates when you’re just starting out, and don’t have a long track record to go off of?

I'd say start the process of securing your HELOC if you havn't done so and spend time analyzing deals and determining what type of investor you are looking to be. 

When it’s sold I’ll post the entire journey start to finish with numbers.

If your manager is just 'keeping an eye' on things, collecting/reminding on a few rents here and there and some light cleanup while being compensated in free or reduced space rent then classifying them as 1099 subcontractor is great. 

If you can rehab and refinance (BRRRR) to extract all investment and achieve neutral cash flow you would have infinite return (most of my RE investments have achieved infinite return but the cash neutral has in particular gotten a lot more challenging when the rates rose starting Q2 of 2022).Any money extracted via a refinance is tax deferred. 

Hi, good feed back, I was just talking to JOEL from Launch Financial, for some small deals in Montgomery AL. we want to start doing.Anyone that you guys can recommend for private lending for this area?