Hello All, so I have recently been looking into MTR in Chicago.

I was thinking I'd buy an acre of land that has city electricy and water available, and pay that off so that it can be used for collateral one house at a time.  

can you DM me your full name and email so I can look up the order and send you the sheet?

Some things to consider with the above suggestions of creating an LLC and contributing the property + $100,000.The basis the partnership has in the property is transferred from Person A.If person A's basis in the property is $100,000 but the value is now $200,000.The depreciation would be based on the $100,000 instead of $200,000 which may 'upset' partner B.Furthermore, you have to properly structure it so the IRS does not see it as a 'disguised sale'.A disuised sale can potentially occur when Partner B contributes $100,000 into the partnership and it is immediately transferred to Partner A.best of luck

if so... probably not a deal.

., so only you can decide what fits your budget and your lifestyle best.  

., Berkeley and Oakland have very pro-tenant laws so read those carefully.

So, what can come about from the auction on the 16th?

Homes that appeal to our target tenant segment range from $350,000 to $475,000, so the supply of housing we target remains almost the same regardless of how many new homes are built.DemandPopulation growth drives housing demand and price and rent increases.

@Pat Aboukhaled Thank you so much, Jasper & Pat!!!