I just re-read and realized you're talking about getting loans for lien position 2, is that correct?

Hey @Mordechai Chaimovitz - It sounds like you are talking about Chicago's NW side because there are definitely tons of areas in Chicago where a 2 flat can cashflow well.I know for me buying on the nw side was critical to my personal well-being and life happiness. 

When your LLC takes a loan, expect as members to personally guarantee the debt.

If they try to find another place, they’ll usually realize they already have a great deal and stay.8.Long-term tenants can be worth a slight discount.

Also, to your point, it's easy to realize returns off 35k invested - especially when the principle payment year 1 alone is around 15k.

I am glad they realize that I should not be responsible for the cost of a toilet that failed due to a guest accidentally dropping a vape in the toilet and picked up the replacement cost.  

It sounds to me like your Austin home is a "Sell" candidate - while it could appreciate over the long-term, you might be sinking cash into it for many more years in order to realize that appreciation.

I dont know Nathan personally..

I really enjoyed san juan, but realize it might be the most competitive area.

LOL I didn't even realize that!