Feel free to respond here or shoot me a message if you want to talk about it offline. 

I’m still learning myself, as I’m no “Guru” nor do I have all of anything mastered, myself.What I can offer to anyone getting started in anything online or offline, is this:You must use common sense!

Consult with your tax accountant further on the topic.If you'd like to chat offline, feel free to PM me.

I’m curious (as I’m looking to do the same) and we can message offline if you wish, why is there still a 6 month seasoning required if the purchase is made with an equity line (ie, no mortgage)?

My realtor checked off the mortgage contingency, the listing agent said that my realtor forgot to check off line 707. 

Feel free to reach out offline (PM me) and I can recommend some great Chicago people & provide their contact info. 

I'll send you colleague offline, as don't want to share all my secrets.terry

Would be happy to connect if you want to message offline.

Send me a PM if you'd like to discuss offline.

If you haven’t already seen it, I recommend checking out the Bigger Pockets Ultimate Beginner’s Guide and the entertaining and informative BP podcasts.There are also offline groups you can attend for in-person networking, like the Rhode Island Real Estate Investor Group in RI or Black Diamond REI in southern Mass.As far as buying investment/income property, have you talked to a mortgage person to see what price range you can reasonably afford?