The issue is offsetting the lump sum this year so it would essentially solve my problem for this year to offset the taxes I would pay, but I don't want to hop into something and have it not be the right fit because I was trying to get it done by end of year. 

I would also consider around the Illinois & Chicago Medical districts.  

Maintaining continuous communication and being meticulous in supplying the documentation that their Underwriter requests are essential for a speedy closing with Metro Flippers.

I completely agree that maintaining a calm and professional approach is essential in these situations.

(essentially following Frank Vasquez).

Essentially, unless it is your forever home, have an exit strategy for the home before you buy it.

So equity in the note was $650,000.Essentially this $650,000 net equity in the note cost us $450,000 in “forgone” cash.The monthly interest we received was $10,700.

The beneficiary would be your family, I.e a child or whoever the trust is essentially for at the end of day, and the trustee yourself.  

Once the property is stabilized, they refinance into a long-term loan when rates improve, which is essentially the BRRRR strategy.

I also grew up in an area like this where every time a new politician was elected, they promised a renaissance of the area via a new arts district, community center, stadium, rail line, police station, etc.