My personal experience after 40 + years in the real estate industry is that “wholesaling” is a very INEFFICIENT AND INEFFECTIVE way to gain knowledge and experience relative to real estate.

I am excited about gaining more knowledge and deals! 

Depending on the situation, it could still be worth it for SFHs especially if you have capital gains or other income you need to offset this year.  

No capital gains in Belize.  

Thoughts and suggestions or too complex and take the hit on capital gains tax as I sell my rentals?

His lawsuit and others have no weight.

The challenges in real estate teach you invaluable lessons that you might not gain otherwise.I also invest in Chicago, so I have a few thoughts in response to the questions you raised.

So I just wanted to present the raw facts, hear everyone's opinions, and obviously gain some knowledge and tips from investors! 

If I end up foreclosing the property, I will gain $200K equity (in my example, the amount will vary with each TD).

I’m currently in the research phase for obtaining my first property, and I am looking to gain insight on market trends, investment strategies, and project management.