I very interested in owner financing I believe at the moment that would be my best option.I plan on exercising your suggestions,but any other ideas u may come up with im open to hear

Understand all the roles within Multifamily, and think of where you might excel the most, and contribute the most value within a Joint Venture or General Partnership.

-Is a leasing agent the right professional to seek for the above role?

An option may or may not be exercised.

While many here are experienced investors and probably know a lot of this I am hoping some of this basic information will help new investors get off to a better start when seeking funding.Personal Information Always have ready- last NOA showing no taxes owed, if using commission, bonus, overtime income, or are business for self 2 years NOA so an average can be used.Collections should be paid off, if a previous bankruptcy occured have your paperwork ready.Credit utilizations plays a major role in your credit score and your ability to get funded.

The voting public doesn't understand that that's bad management, not a business model.  ....so they try to regulate.Our only defense is to be part of the discussion and educate these legislators of the role of landlords: to provide housing for their constituents! 

That can sometimes play a big role in why your numbers look one way on the surface but end up being a much bigger headache down the road.Also, I love the 6-15 unit space.....definitely keep moving forward just continue to do your due diligence and build a solid team here in Chicago.

It’s a little time-consuming but would be a good exercise to test your underwriting and see how the results compare to that $4,200/yr. number.

My location is upstate NY in the tri-state area to give you an idea of my location because I know that also plays a huge role in determining building costs. 

On the other hand, if the market were to crash you aren't obligated to exercise your option.