Inspector: to confirm the condition of the house.Insurance provider: where to go for getting proper coverage and get competitive ratesMortgage Broker – I am not sure if they lend to overseas investor?

(get seller to pay the closing costs and you can get a decent house pretty cheap)The cons: -you will have to pay PMI for life of the loan- contractors that do the work need to have all proper paperwork, and lead cert if doing lead work (these guys can be a lot more expensive)- 3.5% is based on total project cost, not just the price you pay for the home.

So 2 questions :1) To tax my assignment fee properly what should I do?

Indianapolis isn't Hawaii Bob(stating the obvious)Even if a house does not appreciate for 20 yrs, and rents, only go up a few percent a year.If a property is bought right and cash flows properly.

She gave information regarding evictions and the proper process.

That would be a long-term speculative move.I do find it hard to believe that an 8-unit property isn't zoned properly.

I left the Chicagoland area (Chicago proper - not the 'burb dwellers who like to claim Chicago) and WISH that I had house-hacked while I was there.  

You will pay a little more (not much), but you will always get proper legal advice from them, advice that a title company can never give.

Thanks @Steve VaughanI know it is a good opportunity just want to make sure i execute it properly.

Parts of Detroit Proper are awesome.