Understanding the potential value of your property you can then start researching the potential for doing a HELOC & know how much you can pull out of the property to support the strategy of purchasing another home for either a flip or a rental4.

While purchasing a home and renting rooms is nice- you learn absolutely nothing about evaluating an investment opportunity; vetting a potential partner, understanding what it takes to do a successful flip......  

I'm also quite knowledgeable about real estate investing through YouTube, although I understand that it can be like Googling why your knee hurts - there's a lot of information out there, and it's not all reliable.

I have already secured renters and am very excited to get started.Regarding the Chicago market, I have come to understand that there is an abundance of multi-family properties, but it is important to note the property taxes outside the city limits can be very high.

I agree you should take advantage of online resources, listen to podcasts, read books and get out in person to really understand your market. 

One needs to understand SEC regs around syndications and GP compensation.

I'm just getting started in CRE research and am focusing on understanding traditional financing.

I understand the protection it provides, but there has to be a simplified way of doing this.

Hi, I want to understand how is the market for travel nurses/ furnished homes.I am planning to buy a SFR with no hoa in East valley area of Phoenix and give it out to travel nurses.How is the market?

The compensation you outlined in the post sounds reasonable, but you'll need to talk with the broker since from my understanding they would have the final say.