Ultimately a $27,000 tax delinquency was discovered as a result of pursuing this.

Hello BP,My partner and I, are currently taking our first steps in real estate investments.

As it played out I had an investor step in and purchase 2 units that still needed rehab,  cash deal although at wholesale price.  

We are excited for this next step in our lives.

Hi BiggerPockets Community,I need some help in figuring out what my possible next steps are and just need someone to talk to since I don't know of anyone in my current situation.I plan on moving to Chicago to get my MBA at Kellogg School of Management.

You might find my ebook "10 Step Guide to Buying and Holding a Small Multi-Family Rental Property" helpful.

While you may be able to stretch the time at first, this doesn't work indefinitely to scale (ie what's your next step)If you don't figure out the financing part of the equation (ie your credit etc) then you'll be stuck waiting a LONG time for cash flow to get you to the point where you can do something after this kind of deal....

He sees investors stepping out of their area and losing their butts all the time. 

Good luck if you pursue it, come back and let everyone know how it went. 

Do you have any plans on your first step?