For those still wondering why mortgage rates haven't fallen alongside the Fed’s recent rate cuts, check out this WSJ article: If the Fed Is Cutting Rates, Why Aren’t Mortgage Rates Falling?

My biggest piece of advice is to connect with local chicago real estate investors in person...highly suggest checking out the christmas party on 12/12:  https://www.biggerpockets.com/forums/521/topics/1218823-chic...

Quote from @Brian J Allen: I haven’t come across many articles connecting the Dunning-Kruger effect to real estate, so I thought I’d share my thoughts.In short, the Dunning-Kruger effect explains how, when you know very little about a subject, you tend to think you know a lot.

There have been some great posts about this very topic.Here are a couple of helpful articles: https://www.biggerpockets.com/forums/12/topics/1171104-the-m...https://www.biggerpockets.com/forums/48/topics/1159104-overl…House hacking is the best way to get started in my opinion. 

And from the answers of these topics from much smarter people like yourself and other BP members is how I try and make my company better

The link is:https://www.facebook.com/groups/1161232915077076https://www.biggerpockets.com/forums/960/topics/1196567-norada-capital-management-suspending-payments?

I ran into this recent TurboTax article  that led me to believe it was possible: Second, you may have a net operating loss (NOL) if the Section 1231 loss is large enough to reduce your other income below zero.

I know the easy answer to this is "check with your CPA" but I'm still in the process of working to establish with a real estate specific CPA who better understands the nuances of these topics.

Real Estate Express, Kaplan, and The CE Shop offer online licensing courses with continued education, including investment and creative financing topics.

https://www.cbs8.com/article/news/local/working-for-you/new-...In these extreme cases there is money to be made like most large development.