Update 3-Family Rehab in New Britain, CTThe roof replacement is being completed today on this project and the painting of the 3rd floor & common area is on the docket for the rest of the week.When the roof is done later today I will stop over there and take some pictures of the finished product.

Michael Speciale when people say “passive income”.

Several people I've spoken with suggest creating a relationship with your alderman or knowing the right lawyers who specialize in zoning that can help expedite the process.You also want to consider if it makes sense economically. 

@Michael WeisA HELOC is a separate product.

The appraised value would be off of the finished product after repairs are completed by the contractor.

Shawn.Duplexes and single families and quad's all work in the same way and you should have a little bit of diversification in terms of location and product type. 

Although that product is great for follow up and wholesaling, we are looking for a workspace designed to also manage rehab projects and rentals, as well as a better place to keep track of our private lenders/coaching clients/agents etc. 

No really a good resource other than a lot of looking at other people's rentals and their availability, you might also reach out to a management company that specializes in vacation rentals.

See if you can find an attorney who specializes in estate planning in your area.

. - BP offers some illoinois specific ones here: https://www.biggerpockets.com/store/products/illin...Or check out: http://www.heartlandro.realtor/Member/Login/forms/...Good Luck!