Ask your REIA president.Illinois uses land trusts, you can assign the "beneficial interest" in the land trust if you use them.

A recent book I've picked up by Donald Trump mentions how he set his goals extremely high.

Only you can decide if trusting in this wholesaler is a good move for you, but if you plan on doing both, career and wholesaling on the side, then you're moving forward either way, not limiting yourself.

I've been looking at some 3 and 6 plexes and they have extremely high utilities costs.

The other is a Deed of Trust with 1st Mariner dating back to '99 for 333K - what appears to be the purchase of the property.

In short I have a lot of trust in my current roommate/tenant.

While it's true they lose their deposit and any funds that have been applied to the principle balance on the loan if they don't follow through, they may never qualify (potential for more option money, longer term cashflow though)...The only other thing I can think of would be to enter the deal while legally structured as a trust, then you could transfer all or part of your "beneficial interest" in the property for a fee.

Certainly, I don't think that any client should blindly trust advice of counsel.

If I had the funds, I would love to do a flip here.I am in no means an experienced investor but I am extremely cautious and tend to buy with a long term view.

It has also been extremely disheartening watching it be successful with seniors in particular {just as the telephone scammer targets the elderly, so do many of their online peers}.We are all going to receive more of these unsolicited emails where the author sounds like they know us, or are a friend of a friend.