@Daniel Cullen - we just recorded a Straight Up Chicago Investor Podcast with an investor who did his first househack in Blue Island.

Now I straight up said there has to be some kind of contract and price and they did cover it with me (I don't know if they normally do that or only did it because I asked), however the price is $15k-40K or more.For me this is a major red flag and irresponsible.

Multiple stipulations to qualifying but if one does their due diligence, it’s fairly straight forward.

Are you saying you will raise the rent $200 each month for 3 months straight? 

Y@Scott Bowen - I've read some of your other posts, and I love how you dove straight into investing based on your own criteria and goals. 

When I asked if they could have hid he said no - the porch is straight and long and noone was there.

But remember this is not straight forward as the basis of the new property is derived from the adjusted basis of the relinquished property plus any amount you paid.

I’m talking about straight up buying a quality NNN, getting your yearly 2% rent increases, no major drama wrt to tenant or the location’s intrinsic value changing due to outliers.  

Hey Tony,None of those are bad options, honestly if you have paid off investment properties; the best terms are probably going to come straight from a cash out refinance.Line of credit is a good option due to only paying on what you use but if your planning to start construction immediately I would go with the cash out, its going to be less headaches as well.

That being said, if the program existed back then, I definitely would have used it.The featured agent program is a "shortcut" to get in front of high-intent leads straight from the BiggerPockets community.