Starting small and scaling up is a tried-and-true path, and this community is filled with people who’ve walked that road and are eager to share their experiences.Feel free to ask questions, share your wins (and challenges), and tap into the collective knowledge here.

Use hard money loans to finance most of the purchase price, preserving your cash for down payments, renovations, and reserves, allowing you to handle multiple projects.

I'm just looking to buy 300-500 good units per year.It's been challenging in 2022 to do that.

It is handled more like a traditional mortgage at closing through title.

Depending on where you are looking, inventory for 1-4 units can be a challenge as a lot of the NW suburbs are all single family homes unless you are further NW like Rockford or Elgin or something like that. 

Challenges?

I have 5 properties, 2 in my State so I can handle without any apps but 3 are out of State and wanted to see any app there, this will be for a small individual landlord

For me biggest challenge I always have is getting returns done and k-1s issues

It's challenging to find lenders that are willing to be in 2nd position on an investment property, but I called quite a few during the process. 

Franklinton is undergoing rapid transformation, with developments like The Gravity Projects, new breweries, and an expanding arts district driving change.Safety and Future Outlook:Increased Investments: New developments bring better lighting, public spaces, and infrastructure, naturally improving safety.Community Growth: More residents and businesses create activity, discouraging crime and boosting the neighborhood's vibrancy.Police and Outreach: Enhanced patrols and local organizations address crime and substance issues.While challenges remain, ongoing investments and gentrification make Franklinton safer and more attractive.