I wondering if I can deduct any of the repair, closing cost and deprecation on taxes. 

House hacking in Chicago can be a game-changer—letting you live for free (or close to it) while building wealth through real estate.

I've been here since the beginning, or real close to, and am happy to help you navigate and learn the site.As for where to invest, it depends on your goals, your tolerance for risk, and how much control you want.  

The hang up is getting deals formally drawn up.One idea:- I buy the property and pay 25% DP, then they provide capital after the closing and I pay them P&I over 5-10 years.

What's left is simply $ to close (HML easily solves that) getting the vendors to do the "simple stuff" (pick your platform; Angie, Neighborly etc etc) and than to sell it (more agents than one can count happy to list). 

If it's a QM you won't be able to close in a business entity like a LLC, although in some cases you can transfer into an LLC after closing.

I believe United FCU is best. 20% down, usually a 10yr term (they offer a longer term though), and an interest rate that's pretty close to the current average for conventional loans. 

Quote from @Sean Anthony: Quote from @Michael Smythe: @Sean Anthony website is down and Google states business is "Temporarily Closed".Many times these guys just open another company, so his name will be more important than the company name.He's been reported to the FBI, FTC, local law enforcement, and Ohio Division of Real Estate. 

We only manage our own portfolio right now, so the bottom line is close to my heart.

I've built strong relationships with wholesalers, agents, and contractors in my market, and we're closing on our second deal on February 19th.