If the numbers don't work with it then don't force it and don't rush it.Always ask for full or partial owner financing the answer will sometimes surprise you.We just bought a property with 5k down and owner financing the rest at zero percent.

Welcome to the community and be ready for a huge amount of information at your finger tips.

I’d love to connect with real estate investors and learn more about your needs and experiences with financing.

I highly suggest you use our marketplaces to find trusted, investor-friendly team members: Tax Pro finder: https://www.biggerpockets.com/business/finder/tax-and-financ...Lender finder: https://www.biggerpockets.com/business/finder/lendersProperty manager finder (if you go that route and don't self manage): https://www.biggerpockets.com/business/finder/property-manag...

Are there any members in Madison County, Illinois who can provide any guidance on the eviction process, with any tips or lessons learned. 

One small tip: keep your communication channels clear and open with your property manager.

Typically when you see "cash only" the agent doesn't believe the property can pass a home inspection which isn't relevant for construction loans in most instances and there are plenty of banks, hard money lenders etc. who offer construction financing on distressed buildings.

Forgive me if im being a bit forward: would you be willing to give some sort of tips/guidance of the process ypu went through from start to finish?

. $40k will not get you a non owner occupied San Diego property unless you find some unlikely alternate financing.

The only part that Property 1 pays on that loan is the escrow for property tax & insurance for Property 1.Thank you for your insight.You need to look at purchase price to determine cost basis, not how you financed the purchase.