We neeed licensing for wholesalers as well as the banking and mortgage industry to start calling more notes due.

Additionally, I've been spending a lot of time evaluating condo / HOA management solutions and accidentally stumbled on ManageCasa, which offers a free trial and < 3 unit free tier that has allowed me the time to get in, kick the tires, and really appreciate their attention to detail and broad feature set that adapts to each unique industry sector.

This will lead to many of the professionals in the same industries who already are not doing that well to fall out of competition and hence be "replaced'.

The more rehabs you do the better understanding you will have of the market for contacting work and materials.Doing a rehab every so often prevents you from being sharp with your budget.For those with limited exposure, ask others in the industry and always run your numbers based on being overbudget and overtime. 

I read an article in Forbes that talked about how certain areas can transform quickly if the fundamentals line up.

@Jenna SchulzeAs a newbie investor with limited capital, I’d invest close to home.Invest in areas you know well.I’ve been in the RE industry since 1978 and people always ask me:What’s the best market to invest in?

Since you're so close to Loyola and not too far from Northwestern, I imagine you might have a pool of people who need temporary furnished housing while they study, do a medical rotation, or travel in the medical industry.

@Jordan Kaylor @Jeanette Land    Seasoning requirement is a industry term for waiting period.

Credit Karma uses a Vantage scoring model (which we do not use in the mortgage industry), but the trend will be the same as mortgage scores. 

I am not necessarily that new in the Real Estate industry because I have a place in Tulum Mexico, Condo as a short term rental.