And don’t sell yourself short—getting started as a bird dog is a smart move.

I ended up attending one of those weekend seminars for a few hundred bucks that tries to sell you on a 30k coaching program.

We're looking to transfer this into an LLC for liability purposes.From what I can tell, the best way to do this is to retitle the property, pay Chicago's expensive retitling tax, and set up an operating agreement, all of which likely requires a real estate lawyer (what $ base do we use on the tax, given we aren't selling it to ourselves, just transferring it?). 

I spoke to few folks and other option is that I take the insurance settlement and not rebuild and try to sell the house as-is.

I am not a tax professional trying to sell you my services I am simply providing my perspective. 

I do need a property that is not very expensive, which is why I have been looking into Clevland due to their low selling prices and high appreciation rates.  

We are seeing about 50/50 split of people holding as rentals vs selling. 

For example we opened buy/sell agency from being exclusive to portfolio clients now open to all.

Some ideas I've considered:Equity Buyout: Having another investor or my partner buy out my 40% equity.Seller Financing: Selling my equity and offering seller financing to the buyer.Selling the Property: Liquidating the property entirely and splitting the proceeds.Does anyone have experience with situations like this?

It’s also important to distinguish between those who are genuinely advising you and those who are selling you a service or product disguised as advice.I went to my first real estate conference in Atlanta in 2005.