Taking this industry to a prevalent fee model, man, it's GREATLY going to reduce service delivered.

Thanks for taking a look at my situation.

Remember that pigs get fed and hogs get slaughtered.Whether it is a wholesale deal, finders fee, JV deal with a partner, etc., find a way to make money on this one and don't lose a good deal bc you're chasing a home run...whatever it ends up looking like, you found a great deal.

For those landlords who take security deposits in City of Chicago, is a separate business bank account sufficient for the security deposit or do I still need to set up the special landlord account that requires all W-9 paperwork from tenants etc?

We provide loan terms/approvals same day and NEVER take a penny from borrowers. 

Your hard work and determination have paid off, and it's inspiring to see you take this big step in your real estate journey.

Reality of it is if you want to profit typically you need to make a business out of it and only approx 5% of people are actually cut out for handling the operations of a business - this is why you see so many so called “tire kickers” but most of the gurus don’t care and they know right from the start 99% of the time which trainees have a chance to succeed or not but that doesn’t stop them from taking peoples $.

You should learn your strengths and weakness then take advantage of the strengths.

So any cash you take from the exchange to pay yourself back for those expenses will be seen as taking profit by the IRS and they will be taxable.If any of your vendors are willing to wait and put those expenses on the settlement statement then they might be eligible depending on what your accountant feels. 

I appreciate taking your time and answering my questions.