For some investors, the trade-off is well worth it.

There are recent changes in how they are being taxed in Illinois.

I believe that if you are well versed on a specific market, or have someone who is knowledgeable in that market, you can do a successful BRRRR in another market as the local will likely have everything you need to get set up! 

While the duration of market upswings can vary, a five-year investment horizon often aligns well with market cycles.

The friends/family circle is going to be the most likely route for your first partnership.

I don't like to be any higher than about 70% all in, because there's no room for error otherwise.

Our goal is to create a dynamic that both parties can benefit from and be happy.

Once you're more secure, it’ll be easier to plan for growing that portfolio.

Could there be other problems not caused by trees?

@Chris Rendall couple comments,@Wayne Brooks is correct if it was a Homeowners policy now being transfer to an LLC and used as a rental.