I'm not a big fan of tattoos however newer investors and wholesales should copy @Dev Horn's post above and have it permanently inked somewhere in there body that they see a lot of, whether belly, butt or forearm.Great message, Dev. 

I'm simply seeking the wisdom of people that have faced a similar situation so I can base my offer on the input I receive.

I want to surround myself with people who are doing this not only in IL but anywhere so I can receive help and give help if possible 

I'm a landlord myself and offered my own experience but I was curious if any renters or landlords have come across instances in which they have experienced the act of receiving or lowering their rent/cashflow.  

Might be difficult for folks to print from their phones and such after receiving your e-mail link.  

I will have a property manager that handles all operations/financials and my self directed IRA will receive all income and pay all expenses.

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No rents or installment contract payments are received.4.

My question is have any body ever experienced a problem buying an REO property using hard money lenders?   

It can be a lot cheaper if you rent a house with friends, but there's a good chunk of the student body that doesn't want to live in the proverbial party house. 1,000 new housing units MIGHT start to make a dent in demand.