No training is worth $30k in any real estate course. 4.

Fine, you've known each other since you were 6 yrs old, but can you tell me what their credit score is, their debt-to-income ratio, or net worth is (and not what you THINK they have as assets).

If someone gets hurt on the property, it won’t matter what it’s worth or the loan amount.

You are competing not only with HH'ers but investors as well.Now this is for Denver so may not be the same for Chicago.Here is what I would do:1. connect with agent that is familiar with HH'ing and has a solid track record. 2. connect with a lender to see how much you can get pre-approved for.

It may be worth considering, at least running the numbers, on how another market outside of California compares.

With my 2 STRs, to be worth it, they had to be rented - for top dollar, 80% of the year.

Can you get a record of payment history from the seller?

So, if the cash-flow is a little negative, it still may be worth thinking about. 

So now you've got to figure out which area of a town is MU-1 before you can go deeper and see if there are any homes even worth trying to make work. 

I'll spend a few hours making a huge list of all the probate petitioner names and their mailing address from county records.