My lender is fairly strict so I expect them to show a bigger dip than the market at large.

But trying to finish it not up to code (fire block, insulation) is kinda unbelievable. 

Wholesaling laws are VERY strict in Illinois and I believe it's illegal if you do not possess a real estate license.

Non traditional Financing- crowd funding, etc.see https://www.nerdwallet.com/blog/investing/real-estate-crowdfunding-worth/- JV Partners, Limited Partnerships, Privates Lenders (PLers are not JV Partners)- Learning SDIRAs (Self Directed IRAs), custodians, Prohibited Transactions, code 401 of the IRC and 4975 https://www.law.cornell.edu/uscode/text/26/4975- syndications - See @Joe Fairless and @Brian Burke----------------Preforeclosures you need to come in and offer all cash and buy the property 20% equity or more. 

They have very strict rules and payment schedules for this type of loan.

you need to make it into a legal unit- egress windows, separate entry, meet minimum height, kitchen/bath with code requirements- be careful about taking the pirate approach.

You should set strict screening criteria for what you are looking for in a potential tenant to steer away those who would just be wasting your time.BiggerPockets has recommended screening companies right on their site that you should do some research on to see what company best fits your screening needs. 

Let me know if you want any insider info about the various zip codes and nice neighborhoods in Orlando.  

I had the house rewired and brought up to code.

My tenant renting a room on the first floor brought a in code inspector in my basement apt where I live with out my permission.