If no, see what lending options are available in Chicago so you can plan your next purchase.

But for every success story, there’s an equally dramatic tale of fractured relationships and bitter lawsuits.So, is going into business with family a smart move or a ticking time bomb?

The OP seems to think buyers will be led by their nose ring by the agent on what to offer and what to pay..

Again, do your research before answering them because if you misstate your obligation they will probably legally rub your nose in it.

In an era of fractured certainties, let me offer this with precision: I do not think we are in a recession, nor do I think we are headed for one… …Yet.

@Chris Seveney somewhat reiterating some others I wouldn't necessarily turn my nose up at it. 

My recommendation is to find a partner - as at 19 and with limited credit it is going to be very difficult finding financing, and if you do you are gonna pay through the nose for it.I suggest teaming up with someone who has some credit that can get some deals financed.

Mortgage company wouldn't allow it and you'd have to pay through the nose to get someone to do it while under contract. 

My best recommendations to folks looking to purchase locally is to take advantage of the ability to put your eyes, ears, and nose on any investment properties and look for issues that are going to be problems for tenants down the road.

Being on the nose is an anomaly, but it seems that my estimations are really far off.What I was using was 70% ARV - repairs with a repair estimate .