Wait and spend time in the marketYes, this won't make you rich quick, but it will make you wealthy overtime.

Additionally, for each existing and future Illinois investment property, I intend to:- Deed each property into separate Land Trusts.- Establish an Illinois LLC that will be taxed and will own the interests in the Land Trusts for my Illinois properties.- Set up a new management entity taxed as a C corporation, which can be fully owned by my revocable living trust.

If you want to rehab in that market, perhaps spend some time networking there and maybe you will find someone whom you can partner up with who has experience in the local market and with rehabs.

So any additional exceptions, whether for purchase price or even total loan amount, would be more likely if you can show a healthy SREO. 

Theoretically, I would guess an ADU adds value to the property because there is an additional income producing unit. 

People are still traveling and spending $ like there’s no tomorrow.

I have no idea why (never had a single fraud issue), but after spending several hours going down the rabbithole of figuring why this happened, we just want a solution.Some of the other banks we are with seem to make it overly complicated to have more than a single account.Any recos?

Additionally, ARVs in these areas have a cloud of uncertainty so it will be prudent to be conservative in your analysis and have multiple exit strategies in place.If the home is located in an area with minimal impact from the storms, there has been a small uptick in pending sales the past two weeks compared to same period prior to the storms.

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

Of course not all markets are you going to spend 10k on furniture and then double your rents or more than double the rent as in our case.