I have been trying to get a distressed/value add LTR property under contract in my local market for some time now.

Here are some practical steps and strategies to consider:## Single Family and Small Multifamily HomesWhen looking at single-family and small multifamily homes in northern Illinois and southern Wisconsin, make sure to analyze the local market trends, rental yields, and property appreciation rates.

Another trick from investers I’ve worked with is chatting up folks at local meetups who’ve recently navigated the same municipality.. they’re often happy to share how fast or slow things move.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

You’ll likely need to look beyond the city limits (in areas that are still close enough to the city to benefit from its local economic tailwinds) if you want to find deals that pencil out.

Would love to be a resource for you here locally in Jacksonville!

Yep check BP and Meetup.com or Eventbrite for local meetups @Baron Wheeler

Joined a local investment group and got tons of support How did you find this deal and how did you negotiate it?

I only know a few local realtors/ property managers I’m going to meet with them this week to ask more questions. 

**Letter of Intent (LOI)**: Though not legally binding, an LOI can outline the basic terms and conditions of a potential deal before the final contracts are drawn up, ensuring that all parties are on the same page.It's always wise to consult with a real estate attorney to ensure that your contracts comply with local laws and protect your interests.