GO CELEBRATE EMOTIONS WHEN YOU SCORE THE BIG PROFIT AT THE END OF SALE OR REFI AT THE BAR etc etc lol.The bank will go lower, they always will go lower.Banks are down right retarded about money when it comes to an REO - they make bad choices financially from our perspective looking in, but that is what creates opportunity for people like us.A good deal......... depends on the ARV and trends in that area (comps) I don't know any markets in Illinois but nationally in compact areas if you can still get it bought 25-30% below the comps then that seems to be good.

We have a good topic / speaker and I guarantee there will be no product/services pitched. 

I just didn't know if I was going to be able to recreate the durability with the products on the market today especially since the plan is to keep this as a long term rental.  

I reached out to the mortgage broker I used in the past just to check to see if they have any products that they might be able to use for something like this (they had personally used it in a commercial structure but never in SFR).I will try to reach out to some local lenders.

It's probably more productive and less stressful. 

Know how long evictions will take and if in a landlord friendly versus tenant friendly state.Research any short sales or foreclosures happening from other apartment buildings locally or new product coming to market that might affect your rent rates and occupancy averages.

The reason we ask is because we want long term benefit and durability of the product?

Lower income jobs, purchasing properties below replacement cost, some poverty, city government that has a understaffed code enforcement department, local lenders that understand real estate and the market, low quality properties for rent so you can provide a better product...  

Dwolla could be next.www.erentpayment.com customer service is excellent and so is their product.

A beneficiary can also be the trustee.My opinion is much like Ned's most is pure guru and attorney bunk selling a product when it is not needed at all.Anything done intentionally, torts or illegal, you will not skate scot free because of trust or LLC.