We are just getting going..and my only experience is with buying my current and past primary residences! 

Quote from @Bradley Hendrix: Looking to get a cost segregation done on my 24-unit apartment building I just completely remodeled.

Just double-check with the Illinois Department of Financial and Professional Regulation (IDFPR) to make sure you have all the specifics covered.Managing Broker and Deal Visibility: Yes, typically if you hold your license under a managing broker, they’ll have visibility into your deals since they're ultimately responsible for the transactions you complete.

At any rate, Avery I'm curious to see what you come up with and the forum's input.  

@Jordyn GeggIf you mean like property manage then you would need to get licensed and insured for each property since this new LLC does not own themI would not take on the Burden or expense of setting up another LLC for something like this since it doesn’t gain you anythibg

Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).

First off, huge congrats on making the jump! 

I am 24 years old and I just moved to the Lakeview area in Chicago, IL. 

If you were not purchasing with hard money, and had the option of putting it in an LLC, I would. 

Would you be able to give for information.Some question I might ask: Can you get access to the land or is it surrounded by other people property?