Question 1: I’m aware of Reno 203k loan and Fannie Mae home style construction loan.

Rather than tearing down everyone, I’d rather focus on how different teaching styles and strategies might suit different investors' needs.When someone consistently promotes one product while criticizing others they haven't tried, it undermines the trust and authenticity that makes this forum valuable.I'm not trying to create conflict here, but as someone who has learned a lot from different educators in the land investing space, it is concerning when I see someone posting carefully disguised spam and trying to make it look like an unbiased review. 

It’s humbing and frustrating, but it also teaches you those guardrails you’ll want next time.. like thorough screening, a solid lease agreement that sets ground rules upfront, and maybe even setting aside a bit more cushion in reserves.Chicago’s got plenty of investor-friendly pockets.

Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?

These resources will teach you how to handle the various tenant problems you are guaranteed to face if you invest in real estate. 

There are varying opinions on this but mine is: cheap never goes out of style.

I work in IT and I teach a bit of piano on the side.

I know in Philadelphia if I had a 2 BR house it would be viewed favorably by tenants who are seeking 2 BR living situations because most inventory will be apartment style living and for this reason would achieve a rent premium.

Kind of reminds me of the old ranch style, with a bit more privacy and access.

Your job will be to find an investor-friendly brokerage willing to teach.