I live in the city, so the northern JeffCo is def. closer to home.

There was a tenant that was evicted so there were people living in the house a few months ago. 

I don't live in IL, and I'm by no means an attorney, but let me say this - when you wholesale, you're selling an assignment of the contract, which is personal property.

I'm aware this will hurt my credit for a long time and I am willing to live with that.

Even my personal prop to live in I find and negotiate.

Currently living in Madison but looking to invest in the Milwaukee area as prices aren't as crazy it seems.

@Ravi KaruturiHello RaviI hope your enjoying the weather down there in Texas, I don’t personally live there but I would love to jump on a call and discuss your situation.

The only reason you would want to try to find a market to flip houses in that isn't the market you are living in is because you can't afford entry level homes in your market.

My family and I would live in one of the units in order to be able to do this, and there would be an additional 3 units in order to get the full amount of the FHA loan. 

I think some of the newer construction is sitting well above current market value and could be in jeopardy if the market adjusts or the economy continues to fluctuate with inflation.Depending on where you live and what your comfort level is there are several other states that can offer a better cash flow for a similar price range.