If I give the work to this person, what is the best way to get worker’s comp (or equivalent) insurance as an owner builder?

Due to increased affordability of housing on the Wisconsin side, you can collect rents equivalent to the Illinois side with lower cost of ownership.

Out of state is good for sure as I have done quite a few there but I've realized, the cash out lay is almost the same. 200K on a 20% down is equivalent to 5% down on an 800K purchase.

The term "cash revenues" shall mean all income resulting from the operation of the property, including but not limited to all rents and other sums deposited including, parking fees, common area charges, percentage rents, operating expense, real estate tax, and insurance premium reimbursements, late charges, security deposit forfeitures, and insurance claims proceeds" 3 Construction Supervision: Agent shall be paid a fee of (10%) of the total costs of any and all Tenant Improvements, Repairs, or Renovations for coordinating, supervising, and contracting for such work on behalf of the Owner.4 If  Agent is successful in obtaining a real estate tax assessment reduction for the property or any part thereof, Owner agrees to pay Agent a fee equivalent to fifty percent (50%) of the first year's real estate tax expense savings realized by Owner as a result of such reduction.

That last one is basically the equivalent of a 20% downpayment in Long Beach, wow.

@Nick Wilkinson no, liquidity is *cash in the bank or some equivalent* that you can *easily/quickly access* (cd, stocks, money market acct., etc.).

But that can slow you down if you have to save up more for the next deal...Mathematically, leaving money in a BRRRR deal is equivalent it investing it at the same rate as the mortgage.Really, you've got to find out what you want your portfolio to look like.

Thanks man, this helped a lot, do you know any other type of real estate that is equivalent to wholesaling?

Get something big and stable and a few things that are more liquid, you may need or want to liquidate.So lets say you can put the equivalent of 350k to work.

"Net profit" is equivalent to what we call "NOI".