The borrower would then be responsible to service the debt moving forward, sort of like starting fresh.  

There are 77 communities in Chicago & multiple ways to sort the data.  

@Brian Eastman  thank you, no loan so that's not an issue but my only question is you mentioned a JV so does it need to be organic partnership just me and the 401(k) on title, and some sort of joint venture agreement or can I put in an LLC ?

Odds are there is some sort of title issue.  

I am filling my brain with all sorts of new things.

Well, I'm thinking if you can do this sort of thing in such a neighborhood that absolutely is guaranteed to stay stable, or "upwardly gentrify" then it's not such a terrible thing to someone who wants low hassle factor and doesn't mind the risk of a house staying vacant due to barrier to entry (i.e. income requirements, heft move in expense, etc.).

Tried investing a few years ago with no advice or help sort of speak.  

I've been working a 9-5 again for just over a year and I would rather be working for myself doing real estate investments.I plan on making some sort of deal happen this year, not quite sure how I am going to make it happen but I will.

I've been to a few, though have never purchased anything there, just sort of witnessed what happens.

Hi, I am new to BP and sort of browsing around.