Tapas and food are great. 

To get that you need to be preparing the suit, getting the bond and filing the necessary pleadings for an emergency hearing during the same window of time that the recipient is thinking about how to hide or spend the money.  

Compare that to a guy who has a clunker, lost his job, can't buy groceries and needs cash to put food on his table while he is applying for unemployment benefits, food stamps and jobs.

Essentially, how much equity should I be prepared to split with in investor in order to not bring additional cash to the deal?

I'm pretty experienced in long term as I have 17 rentals already but I'm preparing an offer on a bigger multi family complex "32 units" so was looking for proper guidance.  

Also, if anyone on the forum has recommendations for a good Chicago eviction attorney and process server for a 5 day notice that would be great also.I just wanted to prepare in case of need to escalateThanks

@Doug Kirk congratulations on preparing yourself to take the first step!

Be prepared to use initial capital to get in contact with leads and market.

I am preparing to buy my first home at auction.

@Lena CastellanoTo prepare for your first real estate purchase next year, explore house hacking options, research rental regulations, network with contractors and investors, practice deal analysis, join local REI groups, and connect with agents.