It also helps when you get more experienced to refer to others starting out. 

My question to you experienced investors out there, should we use our 401k to make the down payment to get the best interest rate?  

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I'm doing the 90 day real estate challenge. I found a potential investment property and I would like help with the analysis. The asking price is 90,000. I estimated the property needs ab...

Looking for some thoughts from those more experienced how to weight out this side of the deal.

Has anyone experienced this in Cook County, Illinois?

However that didn't include the 3rd party of the tenants. your second scenario makes sense and if one doesn't review the statement/deposits each month can't blame anyone but themselves.I'd imagine the tenant would just stop paying rent altogether if they were "forced" into paying a late fee each mo... and owner would notice the now stopped payments from PM.

i want to do wholesales but i would like to first learn from an experienced investor while i study & learn more .

@Bruce Harding if neither you nor the seller are experienced with this type of property I would recommend you both consider the value of engaging an experienced agent to represent your own respective interests.

After reviewing a pdf on Reduction in Housing Services on the HCIDLA website... its RAC 410.. in case anyone wants to look it up..

If you are an Accredited Investor, you could place that 100K with an experienced sponsor in a real estate syndication in any number of asset classes (Large Multifamily, Self Storage, Mobile Home Parks, Assisted Living Facilities).