LLC are favorite protection instruments of course and ideally per property and state specific.

I think waiting until October or November would be ideal.

I do think the ideal first-time rental is a four unit that you can live in and rent the other three units out, but those can be harder to find.

It seem like a great long term hold with the appreciation BUT I think selling would be ideal.

Of note, I am already doing STR and MTR in other markets and this property is fully furnished and listed in several places for my ideal tenant.

That being said, 20% down would be ideal to make the rate and pricing reasonable. 

Having the GC or someone else upload photos/video after each stage would be ideal.

If financing is part of your strategy, consider exploring fix-and-flip loans, which are tailored to help investors like you fund both the purchase and the rehab of properties.Lastly, start small with your first project, ideally in a neighborhood where you understand the market dynamics.

Ideally broken down to the city at bare minimum, but even neighborhoods or zip codes would be even better. 

I’m curious about properties in this price range with communities that could grow in near future the further west people move from the city. https://www.zillow.com/homedetails/206-E-North-St-Morris-IL-...