Seems like a good area given U of R is around.

Equity is the last payout in the capital structure, so equity holders face the highest risk.Structural risk also exists in joint ventures.

How is a Option or Flex contract used in JV Wholesaling (co-wholesaling)? 

Fortunately, my wife had a joint account with her mom of many years, and we were able to show we had seasoned funds.

West side has it's tough neighborhoods, but you can cash flow. also, you should brush up on the Chicago LTO to make sure u are compliant (or if renting in the city is even worth it, some guys skip Chicago all together and go into the suburbs...

I would like to know my fellow CRE investors of what u think.

We have started a joint account but probably only have enough for 5% down with these prices.

I say do it without them included cause it might not meet appraisal, then u can purchase it after the fact and get the benefits of the new Trump tax stuff ... 

As Account Closed says, maybe the best for u is looking into Isla Verde for a vacation rental if u want turn key.

I would find a mentor (I am not a mentor, I only Joint Venture on Subject Tos but I don't think you need that here) or someone locally who does Subject To transactions who can walk you through step by step.