My friend said his client nearly bailed when she found unexpected wiring issues behind the kitchen walls..apparantly the seller hadn’t touched that electrical since the Reagan era..but with a patient electrician who understood the local code and a carpenter who improvised a shelving trick in the diningrom, they ended up selling above asking.Flipping and building can get tricky, especially once you start thinking bigger.

I work in WA, not IL.Sounds like similar facts - you need to be licensed if you are going to manage other folks' property.Here, you need to hang your license under a managing broker until you can get your managing brokers license, as brokers can't touch money and do a few other things legally.If it's like WA, you will have to hang your license under a managing broker at a brokerage, and coordinate deposits, contracts, fees with them.If that is the case, ask some brokerages that will allow you to hang your license under them for minimal fees in order to be compliant.

I would set up a family trust, if you have a ton of equity maybe you refi the properties into an LLC but if you are locked in with lower rates then I wouldn't touch the ownership piece yet. 

He is very interested in real estate business especially long-term rental properties in Dubai, but he has limited knowledge of rental properties, so he joined this community to get a good understanding of how real estate works, and how to manage his properties while living in USA, and to get in touch with real estate owners.   

You aren't touching anything on the Roaring Fork for almost any price, no matter the square footage.Location is king, because location equals desirability, and desirability translates into more rental demand, and in some cases, substantially more.  

Either way once you put that money into the equity of the property it costs you money to touch that money again and redirect it to anything else. 

Let's keep in touch and get together in the new year.

So we often have to remediate this and touch paint.

I used T-bills as an example as something that is pretty much guaranteed and low interest.I could take $8,000 of my money (or $2k per month) - not touch my HELOC and invest it in something for the same period of time and get 2-3x the interest is what I am alluding too and I am curious if people that do these types of programs evaluate the numbers comparing them to other investments or just are sold on Cash on Cash, which on a loan is the WORST way to evaluate your returns.  

market does not really matter You bought C class  which some of them were probably really Ds its the tenant base most all the time..I have a very good client that does a lot in Cleveland but wont touch anything that is not B so they get the next level up on tenant..