Considering how progressive Oak Park generally is -- or claims to be -- I'm surprised they stuck that restriction in.

I'm looking forward to your progress !

Keep us posted on your progress! 

@Fredie Robinson amazing story and progress since your start.

I have had rentals which may have cashflowed in the short run, but caused me more headache and held me back from progressing toward my goals, due to the costs that came up (both actual costs and opportunity costs).

Second time (different provider, different market) it was again because provider was very far behind rehab schedule without notifying us what was happening, and in fact lied to us about progress.

I don't know if I'm overcomplicating things, but here is what I really don't understand...if I purchase a property and rehab it to either BRRRR or flip, and I have no money in the bank, how am I making payments to my HML as well as on the balance of line of credit I used to gain the capital to get started, while the job is still in progress and I haven't made any money yet (through flip profit, refinance, cash flow, etc.)?

Buying it would freeze up too much of my capital so I couldn't progress like I would want. 

To get an accurate answer, we'd need to know: -where you are looking- what Cap rate you are talking about, pro forma, stabilized, reversionarySome reasons why people buy at a 6 Cap:-Path of progress play-High income/ net worth investor looking to diversify into a real asset for capital protection that provides some tax advantages. 

I currently have steady employment in Construction and plan to continue to progress my career in this industry.