I'm a licensed mortgage broker and have closed loans with clients out of the country.

Mortgage Broker/ Bank/ Hard Money Lender – Someone that has experience working with other investors.

One night I saw the broker alone at the bar and started saying how I wanted to be like him but was broke and wanted to learn to wholesale.

Additionally, they may have in their contract that if the property is sold that their company will broker the sale through their own brokerage company.Lease Option Partnership Benefits- The property is purchased at a discount which creates instant equity at the start of the investment.

So again, brokers will talk up about how you can get more rent, but in reality you can't, even with updates, because more tenants are want the cheapest rent for decent place.  

Over the past couple of years, I’ve learned a lot about the business—like how to analyze markets, underwrite deals, and connect with brokers.

An experienced broker with lots of choices at the palm of their hand is probably the best bet.

These figures are even higher than those that were used by unscrupulous local developers, master brokers and local real estate agents a few years ago to lure unsuspected foreign buyers.

This might be a question for our insurance broker/future attorney, but wouldn't the LLC be formed in Indiana since the rental property is located there (versus Illinois where we will be living)?

However if I was an agent, broker, GC, etc I do not feel that it would be my responsibility to verify the underwriting.