The BRRR is one of the most complex investing strategies that exist.  

The idea would be for them to assume the existing loan and take my half of the property with as little burden financially on them as possible.

Check to see if reciprocity exists in the state(s) you’re considering getting licensed in.

In her opinion, many investors are desperate to get out of their saturated markets but are waiting for interest rates to come down since many of them had purchased back in 2021-2022 at lower rates and higher prices.

I know it's zoned commercial but I will have to check with the city on what other restrictions might exist. 

I'll be looking for a 'hands off' brokerage if such a thing exists (while realizing I'll need a 'high level of supervision' my first two years) with a low fee structure for my own deals.

The abundance of 2-4 unit properties in Chicago just doesn't exist elsewhere.

BACKGROUND: Bought a property SUBJECT 2 an existing 1st lien (lets say serviced by Shellpoint) years ago.

Probably needs more info - is there existing debt on the current rental property?

If I purchased the property outright with cash, stabilized it, then acquired my first loan (a DSCR loan), that wouldn't be refinancing right, as I wouldn't be replacing an existing loan?