Value every hour, you won't be able to do everything full time investors can, and you may have to pay for services that others can manage themselves, but being in the game and achieving what is possible with the time available is better than sitting on the sidelines.

I used to go to games there and it was BAD. it's turned around. same thing with cabrini green (north side near Lincoln park). big-time $ there now.by and large though, 99% of the time, a bad area won't turn around though. personally, I try like crazy to stay away from S8.

Establishing the business or consumer purpose has little to do with who lives in the house.

I might agree to that, as the agreement goes on, I establish an interest on the entire inventory held at the time of the agreement as I can select any home.

@Pierre ThernizeI just got into the long term game of buying and holding myself.My entire goal was to NOT loose my shirt on my first deal.

If you are hired in a company or made a working partner you may be fine, if you're just paid a commission on your own for a deal you may have problems.Folks wanting to get started in RE need to think down the road as to what they do to establish their reputation with other RE pros in the area, including Realtors and generally they don't look positively on birddogs. :)

You have a great game plan.

Your established relationship is a good thing, but keep looking, there are lending alternatives to the arrangement you mentioned.This was a pretty good opportunity and if all of your numbers are accurate, it sounds like a real "bread and butter" type of winning deal.

20+ years in the game.

Hey Rachelle, welcome to the game.