Have you encountered any particularly common or unexpected challenges in your research so far?

Given all of my things, too many to list, I would be utilizing a registered agent.

If you could renovate and split off an ADU or even apply to turn it into a duplex or triplex (although that will cost plenty of money with new kitchens, utilities, etc.) that could very well be worth it.

Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)

This is common in the Chicago market.

They suggest relying on the inspection contingency instead.Is this a common practice right now, or is it specific to my area?

I’m interested in how do we scale this single family unit into maybe a duplex or etc…We don’t utilize a PM since it’s only a single unit and it’s close to our primary residence. 

Common mistakes can cost thousands.

Partner Driven financed the Hiawatha Way deal by utilizing internal capital resources.

@Woralak Bryant, be careful about shutting off utilities.