@Josh JimenezI am not familiar with those investors however; the larger players in the real estate investing (syndication) business usually have several different income streams other than just the investments they usually talk about.

In the area you are describing you have to understand the deviding lines; you can't cross those.Also, from my own experience: BRRRR generally works better on medium priced homes, because you have a larger spread.

With both of those situations lingering the larger servicers who have a large chunk of securitized loans will have some 'massive' and I emphasize "massive" cash problems. 

If you want to keep the same manager throughout Chicago then you want to have someone that has a larger coverage area.Experience - If you renting the house you live in then this isn't as big of a deal but if you are buying your first of many multi family homes you want to find someone that has done it before and can be another guide in your journey to work with you, your GC, and your Realtor. 

This is a simple task if both the property AND the LLC are located in Illinois.

Yes we made more cash on larger renovations, but they took several months versus 1-2, and costs were much higher, so as a percentage the return was lower.Finally, on your first couple I would go in with as much cash as possible. 

If it is a duplex, fourplex, even slightly larger, the other tenants will hear about it, so getting in front of it makes you look like you care, which I know you do since you are even posting here. 

Does anyone else have visibility into larger buyers and their responses?

You did get the larger deposit, that was smart.

While tenants may have trouble paying their tenant portion of the rent, in most cases the larger portion of the rent is paid by the government housing authority.I am seeing projections that the United States may experience 20% unemployment.