. - Ideally you want both but with a lower down payment, the less cash flow you have due to high mortgage.

Get a new design and a lowering barrier to entry.

Would you recommend researching other markets outside of my area for possibly something with a lower down payment to get started ? 

So, overall she paid over the amount that my contractor was at on price with holding costs and all, the work was not great, and we are still on the market 4 weeks later with one offer coming in lower than asking..

It is a little lower than I expected but I will be able to sell these off, however, it may be at a loss and is less than what I had mortgaged on these houses so I would probably need to come up with cash at closing, which is not ideal.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If all parties were agreeable (and would likely agree on an interest rate lower than a bank's would be), with $0 down his monthly payment would jump $300-$500, but now he would be building equity in the property.Is there anything else I should tell him or anything I am missing?

We're trying to decide between forming the LLC in Ohio or Wyoming.We've heard Wyoming offers stronger anonymity with lower costs, while Ohio might provide specific benefits for in-state real estate.Can someone please elaborate on the advantages and disadvantages of each state for our situation?

Costs will be far lower, but an owner/operator would still get the benefit of staffing and material efficiencies. - You could consider owning those as rentals and leasing out to the businesses. - You could sell the land to an owner/operator who wants to build assisted living. - You could own and operate those yourself and just hire great management or bring in a management company. 

https://www.votervoice.net/ILRealtors/Campaigns/118318/RespondThis ordinance took effect immediately for the neighborhoods of Avondale, Hermosa, Humbolt Park, Lower West Side (Pilsen), West Town and Logan Square.