Seems to be happening more and more. 

If there are other liens to be recorded, you should have already agreed as to the lien position this lender will be in, and the closing agent should know it.3.

I have to expect we're in for a correction sooner or later given how long it's had a bull run (other than covid and the brief really shallow "recession" we had in 2022).But its returns will almost certainly be better than 6.5% over the long haul.

The upgrades that HAVE to be made for rentability vs. those that will hopefully increase rental income can definitely influence the response.What are people's expectations?

Typically what we look for in a borrower is someone who has a good track record, (at least 5 in the past year) along with purchase HUDS, statement of work as well as sale HUDS.

Here is an update : https://chicagorealtor.com/advocacy/advocacy-resources/northwest-housing-preservation-ordinance-issue-summary/The DOH has posted the forms required to be in compliance with the ordinance which means any properties not under contract by 11/9 will need to be pulled off the market and 30-60 days notice must be provided before listing.  

You should be asking for any kind of pre-approval letter as well.

Sounds like a good deal and you must be handy to have done all that work.

If you learn how much everything really costs to repair, you will have a line out the door of buyers.The second part would be to be right on the money on a real ARV.

Grateful to be able to join this group to learn and gain knowledge from different people.