Feel free to share your goals or ask any questions, everyone here loves to help and exchange ideas! 

Foreclosure auction buyers cannot walk the property and have no idea of its condition.

I think most people have no idea about theses products.In these times of tight inventory, I've been promoting for years that buyers should consider these types of renovation loans, or to buy new builds.

I want to start building our portfolio and would love some experienced help with direction.Over the past ten years, it seems like I've had numerous deals/ideas that just didn't come to fruition and I'm just feeling a bit defeated. 

You should setup multiple ways to accept payment.Our tenants have the following methods to remit rent (no cash) -1) Online payment sysem2) Zelle3) Bank deposit at Bank of America.4) Come to the office to remit funds.

That said, even with conservative rental income estimates, my living expenses would eventually drop to several hundred dollars less than what I’m currently paying in rent once the house hack starts generating income.I do have cash reserves to weather some rough patches, but the idea of pushing my budget this hard makes me uneasy.

Do you know is it different today with the idea behind "subject to" purchasing in IL?  

Talk with other investors in your situation to get some ideas. 

Also, knowing Decatur’s rental laws and zoning inside out is crucial, as some areas have restrictions on multi-family properties.It’s also a good idea to walk the neighborhoods at different times of the day.

I am looking for some ideas on how to properly fund this thing.