My goal is to do one analyzation a day to get a grasp on what is and is not a good deal, but as of now - my biggest issue is gathering funds.

Originally I wanted to find a seller financed property that I could take over but I didn’t get to grasps anything (more than likely due to my lack of knowledge.

@Georgeanna Tracey NewmonesI'm talking about airdnas projected future occupancy graphs. im just trying to get a grasp on how busy the winter months are for airbnbs in the city

I decided to manage it myself since I want to get a grasp on all aspects of being a landlord. 

It would have been better to grasp this on the front end originally, to wit: "Dear tenant: on July 1, 2021, your rent is due to increase by our standard rate across all units ($50.00 per month, to $XXX).

That being said, one tip I can give new investors and out of state investors is to have at least some sort of grasp on the neighborhoods to invest in before just diving into making offers and such.With Chicago being such a large city filled with a ton of vibrant neighborhoods, I don't believe that it should be up to you as a first time investor or out of state investor to learn about these neighborhoods through your own research.

But you have to either have a really good grasp of construction or have a team member such as a GC who does.

@Benjamin AakerThanks I feel like I have an okay grasp, yet your points help my understanding even more.

Work with your plan provider to get a better grasp of the language.An LLC is an LLC, whether owned by a person, persons, other business entity, trust, or IRA.That said, Solera National Bank in Denver, CO specializes in self-directed IRA banking and will slam dunk your account setup.

You will need to look at quite a few in different areas to really get a grasp on the cap rates for different areas and classes of property.