I’d also prioritize getting pre-approved, securing financing, and starting small to build experience and momentum.Good luck!

I'm a very analytical person who won't start a new venture without first gaining a solid understanding, establishing the right framework and connections, and ensuring that I'm securing a great deal.

It's public. 

@Shuvrajit Mukherjee - You have to be able to scrape that data from some where pretty easy...a lot of that property specific info is public record.There is a website called chicago cityscape...I am decent friends with the founder....it is sourcing a ton of data that might help. 

It's better to pay more, knowing you have something secured versus cheaping out and not even closing. 

The list is a combination of private and public data. 

Doing anything to burnish the reputation of the sick and rotten syndication industry on a public forum that caters to new, unsophisticated investors is disgusting behavior.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

But after an exchange - sign the purchase documents with one pen and pick up another pen to sign the refi docs :)Another strategy you could consider is reinvesting into multiple properties, where you purchase the first property cash (ensures some security and concentrates the equity) and the second property with a mortgage.

For added security, consider umbrella insurance alongside the LLC.