I've used that strategy in the past successfully. 

I am considering this as a possible method to purchase another property and was wondering if anyone has had success with it?

Pitfalls, warnings and success stories would be great.

Hi Everyone,Been doing a ton of research lately, reading books, listening to podcasts, reading the forums, etc......It seems nearly everything I come across is geared toward becoming a GP, getting deals, raising funds etc......However, that is not what I’m looking for, I own my own successful company, love it, and not looking to give that up, strictly looking to invest. 

We have had a LOT of success finding deals right around Thanksgiving and Christmas. 

Through a personal contact that has become successful with real estate investing, I started to dive into the subject last summer.

I know this probably has alarm bells ringing at this point, the new guy that thinks he can make it buying up cheap properties in Detroit, but as David Green says in his book, a good property manager can have success with this.

Also, if there are any successful REI/RE professionals who need any help with anything and I can serve and add value to you and your business, let me know. 

Any advice from the more seasoned members would be greatly appreciated, and I would definitely be interested in networking with some of the local investors, especially those who have also successfully done a house-hack of some sort in the north Chicagoland area.

Any advice from the more seasoned members would be greatly appreciated, and I would definitely be interested in networking with some of the local investors, especially those who have also successfully done a house-hack of some sort in the north Chicagoland area.