-Wednesday, November 14th 2018 at 3:45pm-Joliet City Hall – 150 W Jefferson Street, Joliet, ILOne member of the Land Use Committee has been demonizing rental housing in Joliet and pushing for these inspections even though: The VAST Majority of property complaints are for owner/occupied housesRental inspections would cost the City at least a half a million dollars a yearRSVP by replying to this message and be sure to spread the word to landlords and property investors in and around Joliet. 

Tenant agrees to pay for repairs of all damages that they or their guests have caused.Landlord agrees to initiate repairs in a timely manner following discovery of the damage or can choose to defer repair until Tenant has vacated the premises.

Sourced the property on Thursday, negotiated over the weekend, and was signing papers by the following week.

After one-or-two joint-ventures, you should have the experience to get a hard-money loan for follow-on flips.Good luck!

@Joshua Von Schlutter if you are using a conventional loan, Fannie/Freddie will allow 15% down...some banks don't follow this rule but it is possible to get 15% down on an investment property. 

Hi Team,I've been following BiggerPockets for a year or so now.

In saying this we would like feedback on the following questions please!

You'll have moments like these, and they'll push you to work harder and be more precise than any critically acclaimed self-help book out there.You need to let the hunger absorb you and dive into books, podcasts, and online classes.

I think there is some new push in an area known as Smoketown, so maybe there is opportunity there.

The list isn't important anyway.B - The process you are following, doing what I am assuming is a Sandwich Lease Option is as follows:   1 - Gain control of the property by signing a lease agreement, and an Option agreement (they are 2 separate agreements, and should NEVER be a single agreement...and never include references from one to the other) in the name of an LLC (you).   2 - Sub lease to the tenant (buyer).   3 - Sell an Option on your LLC to the Tenant/Buyer.   4 - When the Tenant/Buyer exercises their Option, they are buying the LLC.   5 - The Tenant/Buyer now owns the LLC, and all its assets...which include the Option to buy the property.   6 - In the end, the Seller never changes, and the buyer never changes.