Quote from @Jin Zhang: You initiate the process by filing a 3-day Notice.

I plan to use the 10k Club to make money by being a bird dog for times when I don’t want to go deep into the process to make a profit.

Would love to hear your process!

Now it sounds like they have gone into ICU and we have to wait to hear from their estate attorney to find out who can sign, POA, or what the process is going to be going forward. 

From day one I treated my involvement in real estate as a real business.This means, I had an advertising budget, a lead generating and follow up process, a back end process and money source and above all an experienced mentor.  

It isn't easy, but you'll learn a lot about underwriting from the process and know the ins and outs of the entire model, which makes using it, troubleshooting it, and adding to it much easier.

However, this is not a cash out refi.Cash out refi is when you refinance an existing loan, with another one (i.e replace the loan) where there is enough money left over at the end of the process where you can put some proceeds in your pocket.When it comes to your strategy - just make sure you're being conservative with your numbers on the purchase / rehab if you don't plan on using other proceeds to payoff the HELOC. 

I would explain to them your process of handling requests, response times, property inspections, and so on.

Most landlords in Lawrence township now take evictions through Superior court, although that has added costs and is a slower process.  

Dan,The process to create an LLC in Illinois is pretty simple.