Hello,I purchased James Dainard’s new book The House Flipping Framework on Audible.

Further context, I have zero debt, high 700s credit score, one other investment property here locally. 175k in cash available, looking to do DSCR loans or cash and then refinance.Peoria, Illinois- Great need for lower income housing, market appears to have many options.Lawton, Oklahoma- Looking only at extremely cheap properties, as it seems it’s not terribly hard to find renters.

Hello @Fulati,With that budget, I would look for houses in East Memphis, Cordova, or Bartlett.

Purchase price: $499,990 5 bed 3 bath split level house in Hyattsville, 1875 sq ft

House hack is the only option but even that might not be feasible.

In other words, in the eyes of the IRS, the LLC would be non-existent. 

They have loved together in a town house for 2 years . 

We live well, have a nice house which I built from the ground up and saved 200k off the top. 

If you are just getting started here in Chicago, house hacking is the ideal situation.

Which is why I think house hacking is best for 90% plus of new buy and hold investors.I wrote an article on this a while back that goes into more depth and you might find that helpful: https://www.biggerpockets.com/blog/get-a-loan