While I live in California, I am actively searching for my first deal in Chicago since it's my former stomping grounds and I know the market well enough to appreciate the multitude of opportunities that exist in the area.

People like this tend to be more committed, take good care of the place, and know the ropes already.

A title agent does not have any say as to whether a subsequent grantee will be an insured under the existing title policy. 

When we buy existing properties, you'll typically have acquisition and asset management fees.

(This is often done on a monthly or quarterly basis) Syndications are often 5-7 year commitments, so it is important to know going in that you will have access to the sponsor if you have any questions or concerns about your investment.

You will have a very hard time buying an existing location without paying above 1.5 times the cost of building.4. 

Or get a line of credit on existing property, use it as the down payment for another property-100% financed.

Using owner occupied mortgages would allow you to purchase with a lower down payment, but to use it a few times would require you to move to not commit mortgage fraud. 

It sounds like there is something that already exists that you're describing that is similar to Pacaso but different.

Many will say this isn't possible in this market, while it is not as easy as it once was to find these opportunities, they still do exist.