That, too, was my initial game plan going into real estate investing to build a portfolio and have the money come in.

I personally think you are trying to do too many things at once(Build your wealth, build wealth for your son, do your first investment property, provide housing to your son, get tax breaks, etc)Focus on 1 or two things and try to make them really great instead of trying to do a lot.Some initial questions - Have you discussed this with your son?

.📉 Jobless Claims Show Slower HiringBacklogged claims data finally came in: Initial Claims sat between 220K–235K the last several weeks, but Continuing Claims remained above 1.9 million for the 18th week in a row.Why this matters: When people stay unemployed longer, it’s a clear sign the labor market is cooling.

Not all units will be dropped at once, they are being phased 10-12 at a time over a couple years.A couple of initial questions:1.

Title insurance ALWAYS denies initial claims.  

You need to see the full "before and after":The initial purchase price and location.The budgeted rehab vs. the final rehab cost.The original ARV (After Repair Value) estimate.The final appraisal value.The final refinanced loan (what was the LTV, interest rate, and did the investor pull all their cash out?).

I am flexible within Chicago and the western suburbs, I do not mind doing work that involves selling homes, that's just not my long term goal and it makes sense to bring that up initially.

Read my initial post in this thread about the poor relation of initial cash flow to actual cash flow.  

The margins initially looked workable, and the local buyer demand suggested that a well-executed renovation could create a solid return, making it a reasonable project to pursue.How did you find this deal and how did you negotiate it?

Quote from @Michael Turner: here is their website - https://www.lurin.com/thanks in advance -  I did a quick check about the company and it passed the initial sniff test.