They examined the apartments and liked them, paid some of the deposit  with a promise to pay the rest the next day, moved in, didn't pay, served them a "7 days to vacate" for non- payment of rent, 45 days later the judge dismissed the case due to wrong complaint form, so I served them a 30 day "End of tenancy", I have court in 2 weeks, I'm sure they will ask for a trial again to get 2 more weeks free rent, but when they are out, what's the best way to pursue a lawsuit aginst them.

I do this type of partnership all the time, but if I was only going to get 20% for putting my name on the loan, I'd need to have my head examined.

The stats from Chicago seem high. 

Don't go off of feel and hearsay...look at stats and data.

The first examines the profitability of the real estate market within which the property is located while the latter examines the profitability of the property itself.Then you can decide what will be your investment strategy and then choose the market and then find your Ideal Multi Family Property and Close the Deal.A local Investor-Agent can help shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

Ok, so let's examine a potential deal:Purchase: 175kRehab: 55kARV: 350kSo right away, I wanna take the ARV and multiply it by 72.5%.

I don't know if FF has stats but my guess is 3 beds or more don't fill as well on FF.

Just for CYA reasons, (if you do not already have it in your Lease) you may want to consider including a clause that states "By signing this Lease Agreement Tenant's acknowledge and agree that they have examined the premises, and all contents therein which convey, and found them to be in clean, good, safe and satisfactory condition at this time (with exceptions noted on Move-in Inspection Sheet)".

I will definitely be taking the Brokers Licensing exam in July 2017.  

The remaining locations are then worthy of further examination.