Please read the fine print with whoever you decide, get a solid materials in place and warranty as well.Thanks,MH

@Jorge Ruiz True, the neighbor house put in very basic materials for their rehab, carpets in the bedroom and basic laminate flooring throughout.

I hope to use wealth of material found here at Bigger Pockets to help me get started successfully investing in real estate!

Code inspector wanted more fire-rated materials then we thought we needed. 

I merely want to know about reference materials on this subject and is my idea doable? 

Since you say you & your husband are just getting started you will find this site to have a ton of material you can gain knowledge from in many different formats like webinars, podcasts, blogs, forums, articles, and books.

The second type of auctions I want you to attend are building material auctions.

If you were in CA or TX I could help you but I have no clue as to pricing of materials and labor in Chicago!  

Nolo.com has materials to help write a comprehensive partnership agreement.  

They will vary between location, distance to hydrants, fire department, age of home, cost to rebuild, materials, attached garage or not, etc.PMI?