The bank institution we partnered with offers a bi-annual administration fee of $450.00 USD + VAT (16%).I’m a Mexican Realtor working alongside a Master Broker with a presence mainly in the Southeast of Mexico and the USA, specifically in NY, Miami, and Orlando.

Than I thought it was all the things that could go wrong in the flip, hidden gems like K&T hidden in the walls, shot main-lines, etc.....   

Deal Machine is good mainly for D4D. 

While not my main area of practice I represented a Brooklyn credit union lender, some buyers/sellers and a few landlords in real estate transactions and rent arrears cases.While we had successes and some failures along the way I ultimately concluded that I wanted to do something different with my life and cashed out of the business.

I would say from my experience flipping myself and seeing through my clients' projects that the main things in this market you need to be aware of is that houses are taking time to sell, they're selling for less than expected, and they need to be quality.

What if they build just outside the city limits, so they are not paying city taxes?     

There are 2 main lenders that will do 80% cash out and they don't charge brokers origination fees because they're wholesale lenders.

Hey @Mike Nelson, never assume anything about STR rules and regs.Here is the STR rules for Oak Park - https://codelibrary.amlegal.com/codes/oakparkil/latest/oakpa...I would call the city and make sure it is legal for a specific property.Now regarding the famous person angle, sure it can add value to the property or as a STR, but for STR use, I would think you would need it to be in original condition with a lot of the furniture and knick-knacks that were owned by the famous person along with a bunch of photos etc featuring the famous person.If you buy a place that has been totally redone but was owned by someone famous but has no features or things that were theirs, then I don't see it being a draw. 

If it provides a nice return on investment and you plan to hold it for a long while, then it makes sense.I already talked to the city and its OK to do what I am describing. 

please send me a case example I'd love to read. that's one appraisal. the knowledge I have as a licensed general contractor working with investors from 5 cities at a time all over the country buidling 3 different floorplans I would say trumps one ADU you read about online