Functional Replacement Cost:  Used for buildings where the type of construction would be expensive to replace with the same kind and quality but a lesser type of construction would still allow for the building to fulfill its purpose. 

That is where lifelong renters get created.

Unfortunately, this is not the first case of contractors not fulfilling their promises.

So I'm here to fulfill my "why" question and learn anything and everything I can about fix and flips and house hacking.

Recently several people I know in the real estate arena are looking for additional cash flow opportunities and one area is in the area of e-commerce - there are several real estate gurus out there who are now pitching automated online stores.The premise - pay an up front fee of between $25,000 to $40,000 for their team to help you - set up your company, establish a credit card to buy product, build your online store and presence, research products, place them and market them on your store, sell them before you buy them, then using your credit and credit card, they buy them and fulfill the order to the customer. 

Has anyone here worked in Chicago and knows a reputable contractor who can fulfill the requirements of the 203K FHA loan for me? 

Has anyone here worked in Chicago and knows a reputable contractor who can fulfill the requirements of the 203K FHA loan for me?

While in school, network with other like minded individuals and make great lifelong contacts.

So like on an FHA loan I could buy a house and fulfill the 1 year of primary occupancy and then rent it out with no issues.

I have certainly had bad experiences with property management companies not fulfilling their duties.