You'll need a lawyer to generate the paperwork and filings and experienced enough to give you general advice on the process, help you establish appropriate compliance and back office procedures.

This means that for every $1 of rental income you generate, you save $0.35 in federal income tax.You mentioned an Illinois state income tax rate of 7.75%.

Seems like most people use wholesaling a starting point or a way to generate capital.

I know others will likely beat me up over the way I do things, but for me if you have experience buying and rehabbing properties then I would do that to generate the money you need to do bigger deals. 

A marketing company who does direct mail or something to generate seller leads?

I can talk about fix and flips, underwriting, wholesaling, lead generation, agent outreach and I also from time to time fund deals for other investors.

Hi Kristin,If you're planning to finance real estate in Illinois using only your rental income from properties in California, a DSCR loan might be a great option for you, especially since traditional income-based loans might not be feasible without local employment.A DSCR loan focuses on the property's ability to generate income rather than your personal income from employment.

The up side on large down or all cash is you minimize your risk plus fewer properties means less work and less headaches. 3 properties with large debt or 1 property low debt or paid off generating the same or more income as the other 3.

@Rick BaggenstossIt's not going to go backwards private organizations and the city have invested millions and they have gained back 100 millions back on their investments and the Beltline is not completed yet I do the tour often (Beltline)Those area are little sketchy but because it has not been totally gentrified it's still in its process also in order far Atlanta to keep attracting talent to the city they must become transportation friendly millenials are not getting in car note debt like previous generations they want to work play and party in the city (Kipp) is great as far school goes I want to say it was #1 in the state of GA.

The single-family home has gained $40,000 in equity and is expected to generate $600 to $1000 per month after renovations.