Chicago's market varies, so $500k-$600k might get you something nice, depending on the area.

With that loan product, they will not be looking at your DTI or work experience and will qualify the property based on the DSCR (Debt Service Coverage Ratio), which is a measure of the property's cash flow.

The appraiser determines the value based on comparable properties (comps) in the area.

Based on what I see - I'm not looking to do STR in the High Desert right now.

But you have many options based on what you've provided here.

My name is Dion and I am a new member based out of Massachusetts.

While it’s true you have to have a custodian for any ira the fees vary and if you utilize the checkbook control offer - essentially a special purpose trust or LLC is created and all the investments go into and out of that account owned by the trust or LLC.  

This will allow you to Flip, and obtain a loan based on the ARV of the property, then rent it out having the tenant pay for your new mortgage thus allowing you to pull all liquid out of the property that you had in. 

Hard money lending is based on taking a mortgage on an asset and no lender is ever going to take a mortgage on a property overseas as he/she doesn’t have the infrastructure to take the property back if push comes to shove.

Come up with a way you can add value to their business based on their needs and your talents.