There's a lot to this and illinois will not approve you without these things in place, as well as some others.Good luck.

Good wholesalers will price deals well, meat on the bone for you.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Some credit unions or local banks offer portfolio loans that don’t stick to the 4-unit limit, which could work well here.

For properties that need upgrades, rehab or furniture, investors will need the time or team to execute. - Performance expectations.

I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a security deposit account.

Will the title company put this property under our LLC name, and won’t be required to legally inform HUD/tax authorities. - will it influence property taxes once we move to conventional loan in 3 yrs? 

We do well with ours in Denver and Colorado Springs, for instance.

You might be able to go this route if your lease says something to that effect.Without lease support, you can write them a letter informing them they are in violation of the terms of their lease due to the lack of proof of insurance.

MD/VA licensees are common, having a WV license as well as the other 2 isnt that common in the area.