Interested in finding out if anyone has had general homestead exemptions and or senior citizen homestead freezes applied to their property taxes for a family member that rents a SFR from them in Illinois.

@Chris Habets If you are willing to go into the hard money relm of 10-12% then yes you can get financing but to me thats insane (my opinion) ...Might as well use a credit cards for your deals.. 

I am about to be a first time buyer, don't have the money for a down payment but I have very good credit and the bank has agreed to finance me 100%.

Like full time job for 2 years, credit, form of income etc...  

This is an old article, but similar thoughts still apply-https://www.biggerpockets.com/renewsblog/2016/01/2...Some will disagree with me and say it's a great place to invest, but I've still never heard much in terms of convincing evidence as to why.

I learn better in person and applying, so I am hoping to chat with anyone with advise or even fellow newbies!

I have excellent credit.  

The only risk is if the company goes bankrupt (which in case I would then start self-managing), and the only costs I'll have to cover are potential structural damages (which would most likely be covered by insurance).Another plus side of having invested all cash, is that I will have potential access to lines of credit both for home equity (up to 70% of home equity), AND for future guaranteed rents (up to 60% of total 10 year rent roll).Already planning on the next property using the same strategy, but this time with traditional financing (looking for 100% mortgage).

Hello,I've been saving all year for a down payment and have been working to building my credit.

I would use that $300k as 35% down payment for an apartment building with more units, then you would apply for a commercial loan in that case.