@Nathan BrooksI am not local to Richmond, but have several clients who work in that market.Welcome to the community and be ready for a huge amount of information at your finger tips.

Chicago cap rates are lower then interest rates so what I see clients do is rehab to add a ton of equity/boost rents and then either just hold it or do a partial cash out to get back 1/3 or 1/2 the money in the deal which gives you a higher COC.

As a "retired" public accountant and tax consultant I perform a lot of detailed ROI analysis for my clients. 

If an agent brings a client and buys the wholesale deal, their standard contract is the second contract that the original contract is being assigned to.

The reason for this is that without a license you have no fiduciary responsibility to your clients.

Worth checking out for SFRs.Hadn't heard about them and looking for a place to refer our clients - thanks, will check them out. 

There’s just something about owning a duplex or triplex that makes the numbers more forgiving...you’ve got multiple units covering your expenses, and if one tenant’s late on rent, at least the others might keep the ship afloat.A friend of mine once worked with a client who snagged a triplex down in Austin and ended up treating me to breakfast tacos after those first rent checks cleared.

You can do cost seg in 2025 before filing your tax return, and your apply for your 2024.This post does not create a CPA-Client relationship.

Although RTR does not have control over management issues, it is clear that Zach cares about his clients and will do what he can to help.

I have clients that have these kinds of arrangements, and while it is easier when an org fills your units, you can lose control of maintenance and cleanliness.