Was the hard part finding a property that was affordable enough to fit within your criteria or finding sellers who were willing to accept your low DP offer?

There maybe some misunderstanding, being a short term rental property owner that will be self managing the daily operations, I’ve learned that in this scenario I would need to count at least some of the time spent setting up the property to pass one of the material participation tests.

Be sure to have good exit strategy for if/when that happens.A wise mentor told me once that until you've "Battle tested" a strategy for at least 5 years thru one full economic cycle, consider it still all good luck.

FHA is 3.5% down but anything over a 2 unit requires a cash flow test, with rates where they are I hardly ever see anything in Chicago that would work. 

If he/she is there on a work permit or study permit I would ask for that paperwork including job letter and/or acceptance letter to school.

Will SAHA pay more for me to accept a section 8 tenant over a market tenant?

@Robert RuschakNot an attorney but I asked mine out of curiosity and “it depends”If for example the price was supposed to be $500k and marketing, advertising and discussions were based on this and the contract accidentally listed $400k, you will most likely not get it for that amount - of course it also depends on the state etc.This is a lot different than you offering $5400k, them accepting the offer then the contract was written at $400k and they come back and are like oops.

Later, once the offer is accepted, check with the 4-5 lenders on who can give me the best terms?

I always recommend to use local companies that provide the data or do It manually when you get startedThen, after you close your first deal, use other sources like national software companies to test it and see what works better.

Has anyone here tried and tested the Reventure app for the real estate market analysis?