He's an agent with RE/MAX, one of the largest franchises with a great training program and a lot of tools for their agents to use and build a successful business.

There are some great tools out there always, but get connected and network as much as possible.

@Alec DresslerYou’re on the right track using tools like AirDNA, but for better data, consider the paid version or platforms like Mashvisor for detailed rental analytics.

$2600 is correct/month.

.- Property purchased in July 2024- Rehab not complete, and I got a local person involved who meets them on site weekly as my representative on ground- Due to his observation, we discovered foundation issues that need correction.

For this particular property, LTR GRM would likely be 21x - 23x; if Rabbu's average is correct, the GRM would be 16x - 18x for the target (approximately 6% cash on cash) so I'm trying to identify if that's in line with the area returns.

I'm assuming it would a SFR or 2-4 MF, is that correct?

Converting your condo into an investment property and transferring it into an LLC is a smart move for liability protection.You’re correct that retitling the property involves Chicago’s transfer tax, which can be substantial.

This means no DTI, personal income verification, or tax returns are required.They’re also becoming a powerful tool for BRRRR investors during the refinance stage.

This job took us about 9-10 months if I remember correctly.