I have personally invested in over 30 individual deals.

Team up with another investor or a person who knows a lot about real estate to help with the money needed upfront or extra cash.

I don't live in IL, and I'm by no means an attorney, but let me say this - when you wholesale, you're selling an assignment of the contract, which is personal property.

Operating Expenses (other than management fees): Estimated operating expenses can deviate significantly from one bidder to the next.Cap Ex Costs: Estimated improvement costs can deviate significantly from one bidder to the next.Rent Growth: Estimated rent growth can deviate significantly from one bidder to the next.Cost of Debt: If debt can be assumed and is cheaper than the current market, most bidders will share same input.

If I were the money person, I would want to see the deal first.

We have an estimator tool where you can view various appreciation and settlement scenarios so that you can see the numbers for yourself without providing any personal information upfront.

"I'm sorry to disturb you, you may not be the right person for this

House hacking will also give you some personal "property management" experience.

@Ravi KaruturiHello RaviI hope your enjoying the weather down there in Texas, I don’t personally live there but I would love to jump on a call and discuss your situation.

Lower of cost or market for determining the basis is also the correct way to treat a personal use asset being placed into service for business purposes.