I mainly just want to make sure the new tenants finish the process, ie sign the lease, so neither of us are still in limbo.Once the background check is completed and passes, then I prepare and send the tenant the lease and/or meet with them to sign it.In a nutshell, I don't remove my listings until I have BOTH the full holding deposit and the executed lease.

My partner and I are eager to embark on our first real estate venture by acquiring a long-term rental apartment in downtown Chicago.

Usually wholesaling works best as a side venture while buy/hold is the main focus.

Very happy for you taking the leap into Real estate investing, it's a venture that some folks never get off the sidelines for.

(see attachment)Before you invest, please feel free to contact me and I will be happy to furnish all of the documentation of this episode, but in the meantime don't trust anything that is not in writing and don't sign any document that allows them to stop paying the interest and/or principal that is owed for any reason.As I am currently preparing a report for the BBB, the CFPB and the FCC, I would also ask if anyone else has had a similar experience; I feel like David vs.

I have driven by as many as 900 properties in preparation for an auction.

I thought that the course materials were very sloppily prepared, with little detail given on how to do transactions.

And may pivot to other ventures while leaving certain assets in place.

Congrats on this venture - new construction (for the first time) is incredibly complex and exciting!

This is more of a financial advice question in order to prepare for the next deal.