This actually put me at ease because they said they would take care of everything and that I wouldn't need to do anything but provide documentation.

If you’re wholesaling it, as that’s where you posted the question, you’ll have a tough time selling it to an experienced investor as there isn’t enough meat in the bones to get involved.For me, it would have to have an ARV of at least $125,000 for me to buy at $45k and invest $30k into rehab.

At least it puts me at the front of the line and I get fist dibs on the property.

I remember when I was 3 in Africa and my mom woke up to me at night trying to sneak some food.

They could transfer it to me at any time as the house is paid off, but in case they would be the ones instead of me to be able to claim any tax-free capital gains, we are hesitant on doing so.Adding to the complication is the fact that I have claimed depreciation on my tax returns because I rent out 1/3rd of the property.

I have no idea if a company is cooking their books like Enron.  

I recently completed an eviction in the Chicago suburb of Berwyn which is in Cook County.

Purchase price: $345,000 Cash invested: $40,000 Sale price: $605,000 A gorgeous renovated kitchen features white shaker style cabinetry, with granite counter tops, SS appliances & gas cooking!

Also when you see the 1% rule, it doesn't necessarily work in Cook County due to the high taxes. 

Hey @Jason Cook Congrats on your first rental property!