The Sellers typically have to disclose any material facts about the property, but you are flying blind is my understanding?

Seems very comprehensive and intuitive.

I’ve been diving into books like The Millionaire Real Estate Investor and listening to BiggerPockets podcasts, and I’m starting to really understand how powerful real estate can be for building wealth.I joined this community because I want to surround myself with people who are actually doing the things I want to do.

If there is financing involved then you need a lender who understands the above and approves the rehab plans, because the exception is going to remain in the loan policy as well.

However, if you’re thinking of investing a significant amount of capital, I’d do a much more comprehensive search.        

Investors should fully understand that Section 8 is not a cure-all for Class C & D tenant challenges, it's just trading one set of problems for another.We see too many investors not doing enough research to fully understand all this and making naïve investing decisions.Once you understand the above, you still need to find a property.

I definitely understand that there are many risks and no easy path for a beginner in real estate right now.

I’m interested in both long-term and mid-term rentals, with some openness to flipping if the right opportunity arises.I’m currently looking forward to connecting with knowledgeable local agents who specialize in investment properties and understand investor needs in the Chicago suburbs, especially between Hanover Park and Niles.I’m eager to learn from this community, share experiences, and grow alongside fellow investors.Thanks,MarkHey Mark!

If you plan to use the losses for tax savings, understand REPS, STRs, and Active Participation.This post does not create a CPA-client relationship.

Also, helping investors understand.