This can provide more lucrative opportunities by allowing you to take advantage of lower closing and holding costs while keeping much or all of your money out of the deal.Every investor starts somewhere.

As a former banker, you may be able to do a cash out refi on your existing properties to fund part or all of the purchase.

However, in the City of Chicago and some other areas, the Tenant may have a right to cure the violation and stay.Thirty Day Notice If the Tenant is on a month-to-month lease or an oral lease, the landlord can terminate the lease for any or no reason by simply giving a 30 Day Notice.

After a bit more research, I actually think renting a place will get me started faster and earn some experience doing Airbnb with a little less risk involved.Obviously I still need to be concerned about not violating a lease agreement by doing so and I would likely live on the property and lot or all the time.Ownership is still the ultimate goal, but this looks a faster party to self driven income.

You have full flexibility to use none, some, or all of the rehab budget.If you have any questions, I’d be happy to discuss how we structure our loans to best fit each client’s needs.

Be sure to review the legal documents, oral representations won't stand up in court.

You should be able to search (if your county has online records) for your tenant’s name and/or all previous addresses listed on the tenant’s credit report.

You are neglecting to account for gentrification, which is the biggest REI gain or all.

Here is the thread I started a few months back detailing my experience with Growth Equity Group, Brett Immel, and their cronies.https://www.biggerpockets.com/...Subsequently, I've had dozens of investors come to me directly, many of them having phone conversations with me, stating how they lost most or all of their retirement funds.

Or all of what @Doug Smith said.