I think option one is better if you want build a lasting relationship with this agent.

Love the idea of helping out a first time buyer, may run into trouble if she's not the primary resident, check w/ lender but I don't think that'll fly w/o more of a down payment.

This is helpful information for sure.

Happy to help in any way being both a broker and investor.  

There is a great group of us who invest in the NL area if your looking for some folks to connect with.Now to your question, you'll find rent prices vary quite a bit in NL depending on what area of NL, but I'd be happy to give you our averages.1, 2, 3 would average $1150, $1300 and $1500. 

With fees doubling and competition heating up, you might want to rethink this investment.

I'm in the process of building my portfolio into the program but am concerned on it being a turn-key property accounting software.

Illinois requires a license to market aka wholesale more than one property per year.Are you looking to get into the wholesale game here? 

An engineering backed modeling study might be good for this type of property.

Am I going to run into any issues with this if I close before a full year?