I joined to network and educate myself thoroughly prior to taking the next step in my investing career.

Hopefully you'll thoroughly vet whoever you choose as your bootcamp sgt at arms or guru for hire BEFORE you pay them.

I thoroughly enjoy real estate in all of its ups and downs and will certainly read the recommended book.

If she finishes I am assuming the unit potentially could be affordable for her when she gets off assistance.Really you have to check her thoroughly not just looking at her ability to pay but is that ability to pay solid (do you know they how long she can keep the voucher).

Long term financial analysis and thorough inspections.Financial analysis is always a Discounted Cash Flow model, including MIRR and NPV.Now, I do invest in the larger kind of multi-family and I have a background in finance.

Thank you @George Paiva for your thorough insight.I wanted to get the maximum cash-flow by utilizing a 30 year term.

Hi Dustan,I agree with Brian that you don't want to start picking up the rent and have it become your responsibility to chase them down to collect.Also, it depends on the tenant, hopefully they were screened thoroughly and pay on time.

Always do a thorough tenant screening including employment verification, credit, background, criminal and eviction reports.

However, at the moment buying anything at auction for less than 80% of retail value is nearly impossible due to the increased competition.If you do plan on buying at auction, make sure to perform a thorough title search BEFORE bidding on a property.Here are some pertinent websites to visit for Cook County foreclosure auctions:AUCTION LISTINGSIllinois Foreclosure Listing ServiceThe Judicial Sales CorporationKallen Realty ServicesCook County Sheriff's SiteWEBSITES FOR SEARCHING TITLECook County Recorder of DeedsCook County AssessorCook County TreasurerCook County Clerk Delinquent Tax SearchCook County Property Tax PortalCook County Clerk of the Circuit Court SearchChicago Building Code Violation SearchChicago Water DepartmentNFIP Flood Zone SearchIllinois Flood Maps

I always suggest new wholesalers or anyone who is considering it to make sure they have a thorough business plan and enough start-up capital to build a long term sustainable business.