Use a reputable expert like @Dave Foster and you’ll be covered.

But after an exchange - sign the purchase documents with one pen and pick up another pen to sign the refi docs :)Another strategy you could consider is reinvesting into multiple properties, where you purchase the first property cash (ensures some security and concentrates the equity) and the second property with a mortgage.

I understand as someone new to real estate investing there is a lot to learn and even though I have read many books, until I do it myself for a few years, I will be far from an expert.

We started looking at coaching programs and some of these things just seem ridiculous at 20-40 grand, and some seem more like life coaching programs as opposed to real estate programs. we don't want to syndicate we really would just like to find someone that we can bounce deals / ideas off of and have them assist in underwriting and giving us a better sense of security that we are doing the right thing.

I'm a very analytical person who won't start a new venture without first gaining a solid understanding, establishing the right framework and connections, and ensuring that I'm securing a great deal.

Connect with local real estate agents for expert advice.Good Luck! 

As Sean Wagner mentioned, the city of Chicago has adopted their own regulations on charging what's commonly referred to as a "security deposit" you need to do it another way. 

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Need help with ROISingle FamilyPurchase Price - 260kTaxes - $10kRennovations - $30kRent - $4k/monthARV - $400kIf I convert it to multi family - 4 unitsPurchase Price - $260kTaxes - $10kRennovations - $110kRent - $5k/m...

I'm finishing my bachelor degree in cybersecurity this December 2024 and celebrating with a baby due January 2025.The goal of this post is not to make you an expert in the domain, but rather to spark your interest and invite you to re-evaluate your situation.First of all, what is Cybersecurity?