That way the savings aren't de minimis.

Gap funding is the new OPM soup de jour being taught.. and in the right circumstances I like it personally.. is it for passive or non sophisticated lenders NOPE don't think so..

Hi @Kristin Vegas - That was a pretty spot summary by @Paul De Luca...there is TON of 2-4 units in Chicago proper, but as you go further out they begin to dissipate.Is there a reason you want to invest in the suburbs instead of Chicago?   

The area is Wilmington, Delaware. 

Hi @Joel De Witt  I agree with @Mike McCarthy you need a  cash reserve or access to it for things like a down or a reno job.

Books: The Theory of Money and Credit by Ludwig von Miseshttps://cdn.mises.org/Theory%20of%20Money%20and%20Credit.pdfMoney, Bank Credit, and Economic Cycles by Jesus Huerta de Sotohttps://cdn.mises.org/Money_Bank_Credit_and_Economic_Cycles_De%20Soto.pdfA History of Money and Banking In the United States by Murray Rothbardhttps://cdn.mises.org/History%20of%20Money%20and%20Banking%20in%20the%20United%20States%20The%20Colonial%20Era%20to%20World%20War%20II_2.pdfWhat Has Government Done to Our Money by Murray Rothbardhttps://cdn.mises.org/What%20Has%20Government%20Done%20to%20Our%20Money_3.pdfThe Ethics of Money Production by Jorg Guido Hulsmannhttps://cdn.mises.org/The%20Ethics%20of%20Money%20Production_2.pdfVideos:Mises on Moneyhttps://www.youtube.com/watch?

@Priscilla B WalkerI would recommend incorporating in Delaware......

Hello to everyone I´m really happy to announce that my Real Estate Studies Project (Hestia Real Estate Sciences Initiative) is about to get greenlighted by my college´s (Tec de Monterrey) administrators and it´s going to be a Minor in Real Estate Finance and Development program that will hopefully start in August this year, any doubts and questions you have about my project feel free to ask

In regards to the states of Maryland (except pre-foreclosure), Delaware, Pennsylvania, and New Jersey?

On a separate note, for your own reference, carpet can usually be written off as "de minimus" if it's under the cap ($1200 I think last year?)