Great way to do a minor flix and flip for more than the double close profit yet not as much as the full fix and flip yield. 

For instance, I'm trying to keep my monthly PITI to around $600, But I want to make sure that I buy into an area that I can rent out the property for near double, the price tat I have in it per month ( $1200 a month average rent )I've done a bit of research, and here are a few zip codes that seem to match the criteria...... 38117 , 38133, 38135, 38018 ,38016 and maybe even 38119Any advice or insight is much appreciated.

i am fully prepared and willing to do a double close if necessary.

Your unit hopefully will not need changing of carpets, window treatment and double or triple coats paint.

As opposed to a CA buyer that will have a used Camry paid for no jet ski no motor home and a house payment double most in the country  thats how its done .. the CA home buyer scarifies those things for home owner ship..

Only way around that is to hide what you are making by doing a double close (double escrow) same thing.

Lastly do you know of any local Chicago land area title company who is familiar how double closing works.

If such is the case then do I have to do double close.

Investors and business owners/self employed have probably double to triple the paper work needed to do a loan.

HARP refinance is no big deal, in essence its a conventional loan with a bit more premium pricing over standard conventional pricing, but the upside is that it does not require an appraisal so your loan balance relative to the current market value is not an issue (to a certain extent my max is 150% LTV for non owner and unlimited LTV for owner/2nd residences).If he can give you a 4.00% 30 year fixed I would double check it and take if I could!