Also, if you don't want to pay for an attorney to set up you LLC's you can do it yourself and use a registered agent service.

We ended up dropping the price to $69k and just took an offer of $65k.

Has anyone found a local bank in the Chicagoland area that offers a loan like this?

We did not get a property under contract in the 90 days, however, we did submit offers in the first 90 days that were not accepted (mainly issues with price).

In most cases if you have someone offer to be in and out in 60 days on a 4500 sq ft build "RUN".  60 days is a rush job in my opinion.

., but it might make sense especially with Roth IRA or Roth 401k contributions.It gets tricky since you need a bona fide business to business relationship... doing other property management and / or handyman services helps create an arms-length relationship (and rise to Section 162 definition of being a business and not a self-dealing transaction).

Hard work, preparation, proper setup and service goes a long way to assure a bright future.

I have started to make offers on some deals in Columbus, hopefully should be able to close on one within the next 2-3 months if not sooner.

I am not going to proceed with the purchase as the sellers wouldn’t offer any consideration for the repair. 

Typically, you can purchase an umbrella policy for as little as $300-600 annually that offers a million dollars of liability coverage.