Purchase price: $140,000 Cash invested: $55,000 Sale price: $255,000 My business partner and I took on this Arlington property as a fix-and-hold investment.

I've personally found the bulk of my Chicago purchases off the MLS.

What this leads to is higher purchase prices but also higher rents in these areas. 

Purchase price: $675,000 Cash invested: $250,000 Country estate with 2 houses.

Purchase price: $137,000 Cash invested: $90,000 Sale price: $285,000 This was a single family home in Bates Hendricks.

But after working with the family, we purchased it for $42,000 and got to work.We had some unique challenges, like dealing with one of the heirs who wasn’t very cooperative and required a payoff to sign the paperwork we needed for clear title.

Process is simple. 1. purchase contract2. send contract to title company3. bring cash to closing and you're done

I’m considering either buying a rental since it’s cheaper or purchasing a flip if the market is booming enough.

Step 1: Get preapproved for an FHA loan for the purchase price you are looking for.Step 2: Connect with builders until you find a few that will finance the construction of your home. 

I’m in Ohio, so I can purchase a property with $40k cash out, invest $10k in repairs, and rent for a couple hundred above the monthly operating costs.