Let's set up the scenario, say there are 100 people who all say that they want to become real estate investors and they all have $100,000 to start out with to start their real estate investing journey.

Might be a little bit down the road for me, but that is for sure dream that will come true...One Chicago's best features is the lake, which I'd like more access to.

The best way to get started is by networking with local investors, wholesalers, and real estate meetups in your area.

So if I understand, you would get a loan the normal way and then the bank trust is an extra fee that comes along with owning the property in Mexico?

When I've researched in the past, they continue to show up as good. 

.$300K is the new $200K. 

4) Depending on when the spreadsheet shows they'll bring the balance current, we negotiate payment amounts or proceed.5) If we proceed, they MUST sign a formal Payment Plan acknowledgement form that our attorney drew up. 6) They only have 7 days to do all this.We know most tenants aren't serious about Payment Plans because less than 50% cooperate with all the above.

You should just tell them up front you think they have no value.

Are you saying that the IRS-1065 Is going to be pulled into an audit, or will just the disgruntled partners IRS-1040 be pulled in for the audit?

i would wait and save up more.