I am currently working on trying to wholesale my first deal. I am shoppping the property to potential buyers. If this falls through, I am thinking of just taking over the mortgage myself in a subto deal. The issue is ...

It is also obviously important to make sure the property is located in a good neighborhood.I am still over a year away from buying a property in Chicago, but I wanted to post here to get to know some people in the market and hear any advice/thoughts any people on here may have.

The point of using a land trust in real estate is for the beneficiary to remain unknown/anonymous for as long as possible.You can ask the trustee for verification that they are in fact authorized to sell the property held in trust (it's not always the case that they are, you should check).  

Thanks for the advice!

However, I only have about $10,000 of capital that I could free up, so I was wondering if someone could offer me advice on the best way to get a deal funded when I find one.

My advice to you is to build out your own very specific goals & strategy, and then simply take action on that one specific strategy to acquire your first investment property with whatever strategy you choose.

Looking for some advice and introductions to lenders,I have a property paid in cash, with no loan that is worth $70,000.

I'm not an attorney and this is not legal advice, but I believe wholesaling is still legal in Ohio.

Thanks for the advice a local bank was my next thought just wasnt sure because of the mixed use.

Most of the advice I'm seeing online focuses on apartment buildings but I'm not attracted to raising rent as a strategy and managing tenants & toilets as a job.