My girlfiend and I are looking in La Grange and Brookfield which is not quite as fast west as you, but my aunt lives in Wheaton so I am quite familiar with your area.What's your game plan over the next two years? 

Lauren Passive pockets is a great place to look.

It would be nice to cashflow that much with no money out of pocket, but everyone has their own strategy and circumstances. 

It was just a waiting game going through the foreclosure process Lessons learned?

A few months back, a fellow broker brought me a pocket listing for a newly built and stabilized 32 unit apartment complex. 

In Miami, we all know how people use rented cars, boats and houses to give themselves credibility.  5k for me is pocket change but I never like to spend money on a losing investment. 

Based on your current assumptions, you would be paying $1,229 per month out of pocket, leading to negative cash flow.If you’re house hacking and living in the property, it might still make sense because you're paying for housing anyway.

There are rules and situations unique to each state and that is why you want to go with a local lender vice someone just reaching out to you telling you they can do it. 2) Better recourse if the lender screws something up: a local lender has more skin in the game so to speak as if they screw something up their name will be mud to local real estate agents in the deal.

I figured lowest money out of pocket was the best way to go, and in this case FHA would provide the lowest downpayment.

For me, I’ve been testing a few different methods recently, but I’m always looking for new ideas to take my wholesaling game to the next level.