Now more than ever, I am seeing offers required to be submitted through a portal where the listing agents want no business being involved with up front negotiations.

It's just not a subclass I want to be involved in, but perhaps you can make it work for you! 

I think if you are going to keep all three parties involved as owners of the deal long term then you need to separate yourself as a renter and a contractor.

As a limited partner, you would be able to participate in the project without being involved in the day-to-day operations, while benefiting from the potential profits upon completion.If this sounds like an opportunity you would be interested in, I would love to discuss further and provide additional details on how we can collaborate.Looking forward to connecting soon.

What methods do other private money lenders use to pass along servicing fees to the investors involved?

Decide how involved in real estate you want to be.

5k a I don’t mind if it takes a few years, and I’m willing to be as actively involved as needed to achieve my goals.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Converting your condo into an investment property and transferring it into an LLC is a smart move for liability protection.You’re correct that retitling the property involves Chicago’s transfer tax, which can be substantial.

I hope you found the Google reviews before getting involved.