You would have something in common with the attendees.  

In addition I found these common misconceptions by investors about purchasing existing notes 1.

The common paths I see are a local bank business loan or line of credit based on your income and property equity, a commercial value add loan if the building and the new space pencils with a stabilized pro forma, or a cash out refi or HELOC on other properties if you have them.

Flip side of that coin, it's an all too common story of getting into something less then ideal because it's what closest was secured.

But to Chris's point, one of the common tactics right now is to sell a property for more than it's worth by using seller financing.

:) .Are there any strategies new investors commonly use to balance personal home upgrades with starting a rental portfolio?

ADU's are not as common in Indianapolis, We work with several contractors that have some experience with this and would love to connect with you to discuss this.

There are three common approaches, but the best strategy blends them:What typically works best:- Small predictable annual increases (2–5%) Tenants expect it, it prevents large jumps, and it keeps rent closer to market over time.- Market realignment at turnovers When a tenant moves out, reset to true market value.- Context matters - If tenant is excellent then prioritize retention with reasonable increases

I’ve struggled with this here, in coastal SC, where marsh rats and roof rats are a common problem.

Hi Isabel,What you’re running into is very common in competitive markets like Chicago.