The loan max is a little low for high priced RE regions like San Diego, but it may be possible if purchasing properties that need some rehab. 

I did extensive due diligence on it and would love to discuss!

Deals are going that direction, but that's not entirely synonymous with demand.I had this discussion with a strong RE company.  

Would love to hear from others and see what you are doing.Looking forward to a great discussion and connecting with you all!

I'm newer to posting here in BP but not so new to the RE game.

Looking forward to connect with people and educate myself in real estate investment.Happy to discuss the central valley markets with you, text or call and we can schedule a time!

Feel free to reach out anytime to discuss the area and your goals.

Why doesn't the RE commission in Illinois simply upload all of their standard RE forms to their website and allow anyone and everyone to download??

@Edward JordanI recommend a consultation with real estate tax accountant to discuss your options and potential tax implications. 

Obviously, I don't know anything about your finances, so for all I know, you may have a few million in the bank, and this project is just a fun experiment that wouldn't even be a drop in the bucket if it all turns south...but, regardless, you'll want to model out what would happen if this project crashes and burns...As you may know, managing a rental in a D to F area (or even a C area) is usually not recommended (for many reasons), and funding a rehab with credit cards is also usually not recommended (again, for many reasons). ...even highly experienced investors often won't touch anything lower than C grade because of all the difficulties of managing and re-selling them...If you're dead set on rehabbing the place and keeping it, I'd strongly suggest studying up thoroughly on the local rental market and tenant pool (e.g.; rent medians and lower and upper bounds, typical days on market before securing a tenant, local vacancy rates, tenants' typical income, education level, employment opportunities, credit, and rental history).