(With your own lead) Tell them you’re looking to 50/50 JV on your first deal so you can get hands on experience from signing purchase contract to closing.

It should also identify if any issues are expected, such as asbestos, conditions for mold, aluminum wire, lead pipes, etc.

By getting your license you will be able to help 100% of the leads you generate.2)    You can represent buyers.

This is actually my second introduction on the platform and simultaneously an honesty post:I first became fascinated with real estate investing last year as a sophomore after hearing about the "wonders" of wholesaling from both an old friend a couple of internet gurus...and fell for it. 

Honestly I'd be hesitant just to do anything like this in Chicago with its reputation of corrupt politicians and unions that seem to act more like the mafia, but at 1/10 the ARV in your home market sounds like a great find.I'm a small timer but I avoid homes built before 1978 because:* January 1978 was the official end of lead paint.

I remember waiting 3-4 months to get a check, but never stopped me once to keep going and getting more leads.

Lead me to that Lender, not requiring him/me to have any skin in the game!

He also told us earlier while we were looking around, that the heat pumps were 10-15 years old which leads me to believe they could actually be the reason for the high electric expense. 

I did have one lead that I was going to negotiate a short sale with the bank but I could tell he wasn't being honest and upfront about somethings but I still was going to see how I could negotiate a short sale (with no experience lol).

This will likely lead to you being blocked by the Co-op board from purchasing any additional units due to the fact that turning the Co-op into a rental building will devalue everyone else’s units.