I know you didn't ask for a podcast, but I'd highly recommend the straight up chicago investor podcast if your plan is to live in Chicago post-college. 

talk someone into selling sub to by paying over retail putting next to nothing down.. then renting the home and ripping the rents never paying on the mortgage so in states like NY NJ PA were foreclosures take years they make all that cash flow while the seller suffers and loses their credit etc.Selling sub to is absolutly the WORSE move a seller can make if its just a straight sub to.

But remember this is not straight forward as the basis of the new property is derived from the adjusted basis of the relinquished property plus any amount you paid.

For a small straight shot of railing....

However, like others have mentioned above, there are actually a few ways to handle this that could make it more tax-efficient than a straight gift or purchase.For example, your parents might think about putting the properties into an LLC and trust.

Buying insurance is pretty simple and straight forward.  

Doing proper research — looking at the chain of title and checking the NY court system — gives you an edge most first-time buyers don’t have.I actually maintain a Brooklyn Pre-Foreclosure dataset (updated Oct 2025) that pulls verified filings straight from the New York State Unified Court System, showing dates of default, mortgage balances, and more.

A lot of investors argue that flipping distressed properties straight off the MLS pushes prices higher and makes it harder for first-time homebuyers to compete.

Correct me if I'm wrong, but I believe you can go thorough the classes, take the tests, become an agent under a broker for a short while, then leave the brokerage, put your license in suspension, and go on with life (you can wholesale or don't wholesale)Or, you can pass the test and straight away put your license in suspension, and go on with life (you can wholesale or don't wholesale)Is what you meant, is that you can't be an active agent in good standing, without being under a broker, unless you're a broker?

Can anyone give me a straight answer on doing Lease Options here in Texas?