That one is now under contract, but would be happy to meet with you and talk more about your goals, maybe I can find something else that fits your needs?

I'm looking for suggestions on a back-up option in regards to financing on a property I already have under contract in IL.  

Have you had any experience getting house under contract etc.?

If they own several they are obviously investors.Once you get a response from the seller of the vacant house, negotiate a deal to buy it for all cash and get it under contract.

Looking forward to getting my first deal under contract and start the rehabbing process.

Factors like low unemployment, several major employers in the area, good rental demand might help me determine whether to purchase in a particular area.  

A local quirk is that in Ontario the landlord is entitled to hold last month's rent deposit but the tenant is under no obligation to pay it once they move in, which reaffirms the necessity of collecting all move in monies at the outset without any compromise.

I am beginning as a Wholesaler here and expanding to other areas as I get more experience under my belt. 

Is an LLC the most fitting entity to be under?

Since the borrower is using the primary residence the loan will fall under those regulations.