When comparing markets, I like to look at the ratio of average purchase price per square foot to average monthly rent per square foot and project that to see what my expected rent for a hypothetical $100k rental property will be.

@Courtney Fricke, I don't reckon there's enough equity for a Wholesaler to get involved.

HelloI may be closing on a 1400 square foot home and the owner needs to rent back for a couple of months.  

I own 2 condos in the same building (~$150K value each) in Logan Square, one is financed through a local bank that sold the property as a foreclosure several years ago and the other we paid for through a HELOC on our primary residence. 

They have seen a lawyer you NEED to get  a lawyer involved immediately for this. 

Long term goal is to get involved with enough buy and hold rentals to generate passive income and, ideally, financial freedom.

Account Closed we use attorneys in the Chicagoland area but once you go down south near Urbana or far west attorney's are not involved. 

But, some people told me, if city involves, they will destroy all the walls and might set a fine because I did not ask for permit and all the works he had done are wrong.

Another option is to go ahead and get involved with Keller Williams or Coldwell Banker.

Analysis:Rental of Other Property Not Securing the VA Loan Rental income verified as stable and reliable may be included in effective income.If there is little or no prior rental history onthe property, make a determination based on review of: documentation of the applicant’s prior experience managing rental units or other background involving both property maintenance and rental any leases on the property, and the strength of the local rental market.