Most real estate brokers/agents involved with note sales are clueless and screw it up.

Make sure utilities are available, and that you have tap fees included in your estimate, as well as engineering (site plan), architectural plan, and other bits you might need to consider for your market (landscaping and costs of sale, for example).

The average price sold duplex we can guess he's looking at about a $295000 sale.

This is sales and marketing.. no one leads with Nope we have not paid as agreed..

Median Sales Price for condo in Chicagoland went up about 8.4% over the past 12 months as of November 2024. 

Instead it looks like a sales pitch that is targeted to unsophisticated investors who are new to the space.If that's actually the situation here than these deals generally have multiple things I can't stomach and is an immediate red flag for me.2) AAA Storage growth: At one point I was interested in this sponsor because of the claimed full real estate cycle track record with little to no money lost.

Some places you can find these are yard sales, antique stores, World Market if there’s one close to you.

I own a high-demand business that I've been planning on selling anyway but that sale will take a minimum of 6 months, so I can't use that for the initial purchase. 

Land has been for sale 100 years with no for sale sign and you drive by it every day.

Make sure we're accounting for the appreciation, cost of the sale, cost of the purchase and one of my favorite factors, the risk.