Our company has everything one needs to get there investment done from start to finish.

Finished reading J Scott's book "The Book on Flipping Houses" and am curious about the parameters he set for finding your farm area.

Is it going to be tough to finish the deal... yes, absolutely.

Hey guys,I have a few real estate investing books...but I was wondering if anyone could recommend a book that specifically deals with not "investing" buy more about a newbie buying a used single-family home and the steps involved from start to finish (preferably talking about the FHA loan process as well)...thanks!

One is a single family that is currently renting out for $600/mo and a 4-Plex that I'm finishing the renovations on that will bring in $2200/mo ($550 per unit).

FYI, after construction is finished, I turn the loans into permanent residential loans that are sold off to Fannie/Freedie at 75% LTV (loan to value), which pays off the construction loan.My local bank (I dont even bother dealing with the big banks) is 1 point origination fee, $500 inspection fee (to release progress payments) at variable interest rate that right now is 4.25%.I would suggest calling some local banks on the phone to see which ones would do that loans, then going down and talking with them.  

I am not aware of any laws in the Chicago/Cook cnty/IL area, but if you do it, perhaps do it on a point based system like an tenant applicant acceptance...so if you get sued you can prove it was objective and not subjective based on protected class status.

I just finished a major remodel and development in Austin so now we have time.

I have qualified for an FHA loan at the maximum 3-unit (will also work on 4) in cook county but am priced out of many areas in Chicago closer to downtown with FHA unfortunately.

I am quite handy and can do a lot of small to medium fixes myself, for example I have finished a 650 sq/ft addition on our primary home and I have really enjoyed being in a General Contractor role.