We only lend to experienced rehabbers who have been doing this full-time and locally.

The information contained in this post is not to be relied upon.

For this reason, I often recommend setting up separate LLCs for Illinois investments.

I have been trying to make sure I catch up on all the old threads and look like I missed this one.

Had received an email from this group and spoke with them on the phone yesterday. 

You came to the right place for information, Jared! 

Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.Tenant Default: 20-30% probability of eviction or early lease termination.Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.Vacancies: 20%+, depending on market conditions and tenant screening.Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.Where did we get our FICO credit score information from?

I was strongly considering joining before I read this, now I am going to go the hard route, but probably best to just stay active on here and go the extra effort to network with accomplished developers in my area.

Have you read, "Long-Distance Real Estate Investing" by David Greene?

That’s what this community is for.