I wanted to make a minor correction to what @Robert Ellis said above about Lehigh Acres: it's actually outside FEMA's special flood hazard area, so no flood insurance would be required.

I am considering doing fixer uppers so it could potentially benefit me.

The function you require would make the difference on any potential referral.

Have been doing some initial research into Multi-family, buy-and-hold, (>,=2 units) in the Chicagoland area (mainly western suburbs, Brookfield, LaGrange, Downers Grove, Wheaton, and the like) and found some units with potential.Here's my current question:I've found a property that I believe has some potential.

Right now I'm looking to build up my knowledge, meet some people who can give sound advice, find some potential suppliers, and find some deals.  

The cash flow potential is very good according to the asking price. 

Anyways, Thank you @Michael Stanton and I am trying to stay a step ahead and protect myself, hence the question-Is there a way to not get bypassed if I show a potential partner this without it being under contract?  

I have found a property that I believe has the potential to be a good flip.  

You get potential cash flow, tax shelter and appreciation.

I realize the potential cash flow opportunities (as well as possible headaches) in renting to college students.