IL requires 15 of the hours to be classroom or a webinar (interactive)I liked the Real Estate Institute https://www.instituteonline.com/ in Niles because they break the 15 hour interactive requirement into six 2.5 hour webinars and have them at various times of the day / night.  

Hi Everyone,Within the past year, I have discovered that i have a burning passion for real estate.

I discovered the immense potential of investing in real estate when through an internship with a small company that owned and operated section 8 housing apartment complexes across the country.Fast forward 2 years, and I have since graduated and moved to Kansas City, MO, the home to several things, including great food, the Chiefs, and a host of new investment opportunities.

I would like to gauge the interest of the BiggerPockets community on a new Single Family Rental (SFR) Investment fund idea.As we all know the Single Family Rental market is on the rise and can be very lucrative for both small and big investor alike.We've all seen the macroeconomic trends shifting towards a bigger and more stable renter society, and we all know that Wall Street now has anappetite for the SFRproduct with more than 4 public REITS focusing in the space.We createdwww.Property-Pool.com given the changes in the Securities laws, with the idea to give investors the opportunity to participate in the SFR space like an Institutional player but without the need of spending the time/cash to do so.We, ourselves, have been operating in the space for more than 6 years and now we are offering accredited investors the chance to join our funds with lower minimum investment than other private funds.Any feedback from investors who are always looking and comparing different options would be greatly appreciated.Thanks,Daniel Sultan

@Tyson Hartley & @Mitch H.Generally the income qualification for the loan would be decided by the lending institution.

If you wanted to refinance out immediately, you could, but the new lending institution would look at the total project cost as the value of the property for the first 6 months.If you wait 6 months and 1 day, the new lender will then be able to use a new appraisal, which would reflect the value of the improvements you have made to the property, in theory, adding more equity and value.

I love exploring the tax records and finding blue prints, like discovering lost treasure.

In Florida the rental agreements the Realtors were using are more biased towards the tenant than the Landlord so I have a 2 page addendum to cover "Financial Responsibility" (If sued any damages or compensation can only come from the LLC or property the LLC owns), Smoke Detectors (Sounds small but failing to maintain could bankrupt you or be costly) My tenants need to notify me within 5 days of discovering one is not functioning. 

When dealing with other institutions they want MASSIVE deals.

He tells me re-zoning in Seattle is a nightmare and now with the new rental registration ordinance, the city can inspect and if they do, my non-conforming triplex could  be discovered.