And I have had two potential opportunities "fall into my lap" that involve inherited properties that need major remodels to be able to compete in the MTR market. 

My friend unfortunately is going through a divorce and her mediation is happening soon. I'm a little out of the real estate learning and trying to get back into again. Is there a way to transfer the loan agreement to ...

.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.

However, there are likely multiple more terms involved in your partnership with this hard money lender.

When starting out in wholesaling real estate, it's important to use agreements that protect all parties involved while ensuring a smooth transaction process.

Buy and holds is the key to true wealth with all the benefits of depreciation, appreciation, loan pay down by your tenants, leveraging the equity, cash-flow etc etc, but it often times isn't the active income that pays the bills until you build up a portfolio and even then there's the tenant management or managing your property managers.That's why I'm involved in all 3.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

That will involve settling on your plan for renovating.

We invest locally and enjoy being involved in the projects.

Investing involves risk and may result in partial or total loss.