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Does it produce a more accurate, and more nuanced understanding of the market than an app?

Rather than an option fee upfront, I suggested that the seller continue to use the first-floor space rent-free, and the payments they would otherwise pay to me would be considered a rent credit that would be deducted from the option fee.

I agree that this subject is asked about frequently, but no one on the podcast (at least that I've heard) has discussed how this really works and how they get 'around' the due on sale clause and other obvious things that make this less than an ideal strategy.

If you were a student of the education where Mark Kohler is an instructor, you might take a different view of how to build your business entity structure.I'm curious as to why you'd consider a C Corp (double taxation) rather than an S Corp (pass-thru entity or use salary/dividend split to reduce SE tax).

The bathroom will need to be reframed then subfloor, flooring, tub/shower combo, vanity, exhaust van, lights, etc. installed.

Failure to perform is tough for a contractor who drags their feet, they are looked at with more scrutiny than an owner.

Most areas in Chicago barely give you a 4 or 5 cap today based on current rents, and it is very hard to find things that will produce higher than an 8 cap unless you are doing some heavy rehab work. 

Anything other than an auction in which (1) is absolute ( i.e. the highest bid MUST be accepted) and (2) there is no reserve or the reserve amount is known BEFORE bidding begins, is an auction in name only.

I was just wondering if anyone knew if you could 1031 exchange an existing rental house into a construction project rather than an existing property.