The concept of a community sourced book intrigued me and it really is a great read.

Hi @Mark SpiveyWe use:Pucketts Flooring - Tile, CarpetGranite Concepts - Granite and Cabinets (he's not on the web so message me if you want his contact info).Fergusons - Appliances

It simpler to just get a good MLO and let them do what they do best.

You can setup the LLC with checkbook control, as Dmitriy suggests, but I think the debit card is simpler, easier, just as effective, less complicated and less expensive.

I was referring to Chris mentioning the crowd, I won't say more, don't need to.My posting here is really two fold, one is to try to educate between the shouting of poor concepts, ideas, attitudes, perceptions and just bad advice with hopes that those entering on in RE give more consideration to dealing at a higher, more professional level, as it's better for everyone.

I am a real estate investors at heart as I have 13 doors currently in Michigan, and will look to follow that same concept in Illinois.I have looked at Lakeview, Rogers Park, Hoffman Estates, and Itasca, basically anywhere I can get to the city by transit in 30-45 min to downtown, as this is where my new job will be at.  

The (REI) concept is something I've thought about for a long time but only began seriously looking into in about the last six months.

On a really quick-and-dirty calculation that assumes your ARV is correct, if the house needs more than about 45k in work you won't be able to wholesale it.Just remember: the simpler you keep it, the better.

For me - it's the concept of getting a better ROI than anything else I could do, and using that ROI to grow wealthy over time.

I was part of a webinar on Exchange Basics recently and scheduled for two more ... on Reverse/Construction Exchanges and one on Advanced Concepts of Exchanges.