However, after reflection, I realized I was becoming too emotionally attached to my first investment after a 15-year break and faced challenges finding reliable contractors.Update (5/17/23):After three failed contractor attempts, I finally secured a reliable one.

So the ask for my Chicago investors- Anyone have a 3 to 4 bedroom/2 bath home that's not listed with a realtor (We're realtors and see everything that's listed).

My wife and I will be happy to help you find something here.

Then my current primary home will be rented out to balance the cash flow of this purchase for the next year or so.

I contacted through my agent and offered a price.

My 2 brothers and I are inheriting my fathers residence.

My question is how will my taxes play out with all of the expenses on this rehab?

Since then, I've decided to mostly buy rentals in my hometown (Mississippi).

It feels like a lot if I have to pay a full 2.5% to my agent to buy something in addition to all closing expenses.Thanks in advance.

On the construction side I have an advantage because I'm a very experience contractor that can handle multiple big or small projects, specially out of state.I started now because I got all my systems in place!