@Brandon TurnerI think it depends on what stage of investing you are at and what your future goals are...I've read that people use the cash flow all the ways mentioned in your original post. 

Also, proof of funds should be the last stage when you have already negotiated the price based on the pre-approval. 

I need recommendations as the company I used last year charged me for unlimited upfront and stopped answering their calls after the  first snow (even though we only had 3)Small 2-4 unit properties in Albany Park, Portage Park, and North Center. 

I'm still in the early stages of seeking out deals in my local area, driving for dollars, direct mail marketing, etc.

It appears we are both in a very similar stage of starting syndicate and partnerships.

@Stacie Elizabeth There was never a condo market in Merion Village...you guys are in the experimental stages here...if your condos sell, they will be #3 and #4 in the last year...the two that have sold are of comparable finishes, but they are further north (priced lower as well)...you are on the Hungarian Village border and things get risky quickly...you're looking for a very special risk tolerant buyer...and they are focused in other areas right now...as Parsons redevelops things will change...you're just early in the game here in a location with no track record.

Once I get to that stage of diving more into a market Ill be sure to reach out and let you know!  

There are 4 stages in a neighborhood, growth, stability, decline and gentrification.  

I previously sent $18k for stage draws that met work completed.

I am curious about investing up in the Center Point area.