He and I created an LLC for NC a few years ago when we were thinking of buying a rental property there.

---You can try to increase your chances of cashflow by buying a beatup property and BRRRing it.2) Buy Class C cautiously.

Just keep in mind that using that emergency fund to buy your next property and having tapped a HELOC already may leave you in a bad spot if you run into a similar problem again.Also, I’m not 100% sure, but I have heard that personal loans don’t your credit more so than other types of debt so be sure you look into that if you go the personal loans route and then planned to finance your next purchase soon after.

I too though these were good investments early on 2020, but the whole premise of buy now, lock in now is nonsense.

We all assume this isn’t a house you’d buy with your own money.

If anything just buy motivating buyer lists or VA until you build your own buyers list.

My previous renters were relocations - either had sold their home and looking to buy another (low inventory so takes a while to find a home to buy) or moving here from another city and didn't know yet what neighborhood they want to be in, or alse building a home and need a place to live until it's completed.

Given that I'm not positioned to buy just yet, and simply running the numbers, is there a rule of thumb for estimating insurance costs that would make sense in Cook County?

We mostly buy houses from out of state and are aware of it's challenges but many investors have done successfully, so it can be done.

I'm proud to say this home  has helped me catapult me into being able to buy a large hotel.