The days of the 2% (and even 1%) rule seem to be long gone and anything listed on the web that meet the criteria are usually tear-downs. 

@Andrew Savikas also published a nice article here:  https://yieldtalk.com/24-ways-crowdfunding-for-non...Perhaps since he is the author he couldn't link it.Thanks Andrew for the very useful info.

The FFIEC manages a web site search engine and the ratings of these community banks. https://www.ffiec.gov/%5C/craratings/default.aspxI did a quick search of Chicago.

@Sean Bis, Based on the take I got from the web conference.  

If you are looking for a purchase agreement, then you can contact a local real estate agent (many young agents would help you out for a small fee), you could contact an attorney or you could go online an pay one of the legal doc web pages for a contract.  

I took my realtor license about 15 years ago and also worked as the Sr Web developer for a local Real estate investor in North Carolina, a few years ago. 

It's loaded with spiders, spider webs, and such.

I plan on analyzing the deal after publishing this post to better understand the opportunity.Any insight is appreciated!

I am a web developer living in Maryland and looking to invest in my first property very soon, hopefully locally, but I'm not opposed to out of state.

If I am not wrong, Dorkin is the publisher of this site, so I doubt he has time for me :)