Within the next two weeks, we will engage construction firms for engineering services and project RFP's.

Connecting with local expertsThis forum is a fantastic place to start, and you’re already doing the right thing by engaging here.

I'm also in Chicago (like @Jonathan Klemm :), and am always looking to connect with more female RE investors, especially those who are actively doing, or aspiring to work on, fix & flips.

(I have successfully won damages in every eviction I've handled so far, btw).Just letting everyone on here know what I suspect to be going on, so you can be on the lookout for this activity from some of your current and future tenants.

Most banks allow you to export the full year of activity to excel.If you are not comfortable using excel - you should reach out to your accountant if he/she has a bookkeeper on staff and how much it would cost them to do your books.It may be cheaper overall for your accountant to do it if you just need the books to be done once a year instead of on a monthly basis.Furthermore, this saves you from having to pay for the software.

Even including modest appreciation and equity pay down, the ROI is between 7% and 12% for a non passive holding (not good for an active holding)I can easily afford this level of negative, but do I want to?

Again, I think from your posts that you are well ahead of many OOS investors actively building their portfolios who post on here. 

Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained

So while you may get several numbers for an individual, not all numbers will still be active for that person so the total accuracy rate will go down.

It’s fantastic to have a Realtor and investor with expertise in new construction homes joining the community.Here’s how you can engage and collaborate with the BP community.