By getting your license you will be able to help 100% of the leads you generate.2)    You can represent buyers.

I told myself I was seeking to ease into the industry when I tried to start my own wholesaling gig last summer, when I was really just chasing money.Of course, I got burned out from trying to chase hundreds of leads per week because I was not truly passionate or aware of what I needed to do to reach success. 

Honestly I'd be hesitant just to do anything like this in Chicago with its reputation of corrupt politicians and unions that seem to act more like the mafia, but at 1/10 the ARV in your home market sounds like a great find.I'm a small timer but I avoid homes built before 1978 because:* January 1978 was the official end of lead paint.

I remember waiting 3-4 months to get a check, but never stopped me once to keep going and getting more leads.

A nice house can easily generate 5-7k @Brent Coombs

And you will generate tax free income from the note (except for the interest portion).

He also told us earlier while we were looking around, that the heat pumps were 10-15 years old which leads me to believe they could actually be the reason for the high electric expense. 

I did have one lead that I was going to negotiate a short sale with the bank but I could tell he wasn't being honest and upfront about somethings but I still was going to see how I could negotiate a short sale (with no experience lol).

This will likely lead to you being blocked by the Co-op board from purchasing any additional units due to the fact that turning the Co-op into a rental building will devalue everyone else’s units.

I am thinking of using that for a 20% down to generate some positive cash flow.