You are right that there is a limit of 10 fannie/fred loan per individual.  

For personal/professional reasons, we would prefer the public didn't know what specific stock we are investing in.Having said that, is it permissible/legal for my wife and I to create an LLC for the sole purpose of keeping our names private? 

Hi BP Chicago,I'm looking to invest in South Chicago and seek to establish local connections with RE Brokers and Management companies with the following experience:-must have multiple year track record partnering with investors and must own or manage investment properties-specializes in residential multi-family properties (2-4 flats)-Focus on South Chicago (East of I-90/94)If you've had positive experiences partnering with certain individuals/companies or if this is you, I'd love to chat. 

Also, you should look for opportunities to buy below market and force some appreciation, so that you are not 100% dependent on cash flow to make all your returns, you will be insulated to some degree from short term market fluctuations, you create multiple profitable exit strategies for yourself, and your cash flow numbers should also improve to boot.

Cost segregation studies are often performed to isolate and value the individual components so these items can then be depreciated separately over shorter lives.Whether it is worth it from a cost benefit standpoint for SFR's in my opinion is debatable. 

After reading Rich Dad Poor Dad I knew that real estate would be the best way for me to create wealth. 

My question is this: if your goal is to create at least $20k in net monthly cash flow in 8 years, and you have $300k to get started, how would you invest that money?

Not to mention if you can afford to live in San Diego it's going to take a heck of a nest-egg to create enough positive cash-flow to make San Diego livable.  

I'm looking into buying a 3flat building in the Chicago area but the building needs rewiring and updated plumbing so my question is does anyone have an estimate for each individual issue?

What I wrote above does not create an attorney/client relationship between us.