Whether you're eyeing long-term rental properties, MTR Market, or are looking to live here yourself- this area is full of potential.

If there is minor rehab (such as painting and cosmetic improvements) you can still close on a DSCR loan, however it may affect your appraised value, which could also affect your market rent if its a vacant property.

If this is not something you're interested in delving into and learning to a high degree, then investing in publicly traded REITs would be another good option for you, which have historically returned about 13.5 per cent Per year over the past 50 years (1977-present), beating the US stock market by two per cent and even beating private real estate investing by 4 per cent (that's compared with the average real estate investor, not the experts here at Bigger Pockets).

Are there wholesalers in your market you can ask if you don't want to talk to a lawyer for some reason?

Did anyone have any success obtaining a NOO HELOC under LLC recently now that the market is better for the lenders?

What are market rents?

Start by getting familiar with your local market.

Use a quitclaim or warranty deed to transfer the title, and be prepared to pay Chicago’s transfer tax, calculated at $7.50 per $1,000 of the property’s fair market value.

We’ve tried other platforms on the market, but the message delivery rates were very low compared to the 85%+ I get here.

I'm thinking apartments.com for marketing, leasing and maintenance requests.