Hi I want to purchase a 2 unit in Chicago but don't know I'd a conventional 97 loan will work if I put the house under an LLC at purchase. 

I’d suggest to go to some meetups to learn about the area or work with someone. 

Or you could potentially partner (although I much prefer private loans).Or would the seller consider offering seller financing for six months or a year maybe?

I'm talking to a real estate lawyer tomorrow for some guidance, but in the meantime I'd really appreciate any advice about this situation, as I'm completely confused about what to do here.  

Long-term, I'd love to get into developing HUD properties on the 50+ unit scale.

If the mid-term rental wasn't the issue, then i'd move on to my next point.Again, assuming you aren't burdened with the uncertainty of massive repair expenses on the other property, i'd assess the rental value of the condo you're living in. 

There is a membership to attend although I think you can attend the first one for free. https://www.tbreia.com/For Kodie (sorry Cam, ladies only on this one)Saint Pete Girl Boss - they have a whole list of meet ups.

I'd vote against refinancing into a higher rates unless it truly makes sense. 

While I'm there, I'd love to meet up with an agent or broker from the area and talk about being referral partners. 

I'd rather go change a lightbulb myself than pay someone else $100 to do it.