This could give you the cash you need for the purchase and also eliminate your personal guarantee for the loans.

If you've never done it and never looked at properties anywhere in person, how will you know what any of the numbers even mean? 

Personally (as a STR-focused REALTOR), I would never give you numbers and tell you you can hit them. 

. -- lots of factors to consider (including your personal strategy), but here are a few high level metrics to compare the most populous zip codes in HuntsvilleWelcome to drop me a message if you are interested in checking out the full report 

Direct communication with the builder has been the most effective method in my experience.

I have personally been the guy who hasn't pulled permits and got caught...by far one of the worst experiences of my investing career.

Then, each person with money in the deal would get an 8% preferred dividend until they get all of their money back.

You might be able to get around the fact your entity owns the property by either transferring the property back into your personal name or by some personal guarantee or cross-collaterization agreement.

Hey @Mordechai Chaimovitz - It sounds like you are talking about Chicago's NW side because there are definitely tons of areas in Chicago where a 2 flat can cashflow well.I know for me buying on the nw side was critical to my personal well-being and life happiness. 

I’m not convinced it makes a real difference unless a person has a unique setting.