I pivoted and purchased a new SFH.

JV's can work good if everyone knows their role and that also means understanding who is the teacher and who is the student. 

In order to wholesale with a license the most important thing is to ensure the seller and buyer sign the proper disclosure forms notifying them that their unrepresented ie. you’re not representing them in the role of their agent.I do agree getting your license presents more opportunities however their are fees as a licensee you have to pay (mls access subscription, E&O insurance, transaction fees to broker) just keep this in mind.Lastly, some brokers frown upon wholesaling with a license so make sure the broker you hang your license with is ok with. 

Otherwise, just go by the tax assessor's role.

Based on that there is a path forward either a passive or active role in real estate.

What is your role in this? 

Be okay with pivoting strategies and plans.

Illinois is an attorney state, attorney's play a central role in the transaction, the title companies merely provide the space for the closing, handle the disbursement of funds and issue a policy of insurance.

The type, location and condition of the property all play a major role in the value and what you can or should pay as well as the financing.

ThanksWe pivoted to self-storage a few years ago.