I could be wrong though - Im not a tax expert.

Hey There @Ted Smith - I'm not a Chicago lease rental expert, but @Brie Schmidt or @Mark Ainley may be able to provide some helpful insight.I'm following this post because I'm interested in the answers.Also, just to help get what you need. 

To accelerate into where you earn enough to provide significant investment capital, you need to become an EXPERT in real estate, develop a niche in which you are the number 1, 2 or perhaps 3 dominate, and earn 2% + net on transactions.  

That’s when the old saying really hit home: if you think it’s expensive to hire an expert, try hiring an amateur.Here’s the blunt takeaway.If you have a deep, formal background in credit, special assets, heavy collections, foreclosures, and bankruptcy, then by all means, buy notes directly.

(More people died from the Covid shot than from the Covid 19)  check out below to see what damage the Covid 19 shot has done and is still ongoing.https://vaers.hhs.gov/Yeah, that was a big mistake on Trump's part.It is the kind of mistake people make when "experts" who knew fully well that 1.)

Yes, there are some risks associated with that but you minimize the risk by finding experts in a particular field to assist you. 

Morning BP Experts! 

He is SW FL’s local expert here on the forums and works with a lot of investors. 

He is an expert in the Mempis Market.

Not sure of their requirements, but DSCR loan products vary greatly from lender to lender so I'm sure that can be accomplished, but the rates will likely be higher than normal.I am also a STR expert in Orlando and would be happy to take on a referral for 30% if you don't have anyone yet.