I am planning to start acquiring rental portfolio of SFR in and around North West suburbs.

My goal is to acquire 125 properties in 2017 for the company that my friend started.

I think you're on the right path, focus on getting your engineering degree while studying up on how to acquire your first property.

I'm looking to network with potential buy and holders in this area and speak with people who have interest in acquiring more buy and hold properties.

Nothing on MLS seems remotely close to being able to acquire and improve to boost the ARV for BRRRR.To date, the best I've been able to do is find homes that need most repairs to make rent ready (say < 20%) and then rent them out but cannot refinance them because I can't improve the value enough so I simply try to find homes that will Cash on Cash > 15%.  

However, I did not orginally account for listing fees so this has also been added to the "repairs" column for upfront cost.Your 4 column questions whether I can perform at the same level of a realtor/ brokerage company in realtion to acquiring, screening and placing tenants.  

Your company acquired the home and Company B found a buyer.

I roughly make 55k a year and have about 20k in savings (minus 7k for the down-payment)Would/does this seem like a smart move acquiring this place?

Since I plan on acquiring 6 this year, this will be increased.  

Hi Everyone,So I recently acquired my first buy and hold property (2 bedroom apartment).