Something else you might want to look into are the income limits here (in some counties it is a bit higher than most people think) for qualifying for support/programs.

@Jerome Harrod II Hi, I'm by no means a specialists in this area but I have tried to help some in the DC area and I will tell you that when you say creative/flexible those words generally do not connect with the Section 8 program.  

(c) The licensing requirements of this Article do not apply to: (1) any person who is employed as a code enforcement official by the State of Illinois or any unit of local government, while acting within the scope of that government employment; (2) any person licensed by the State of Illinois while acting within the scope of his or her license; or (3) any person engaged by the owner or lessor of residential real property for the purpose of preparing a bid or estimate as to the work necessary or the costs associated with performing home construction, home remodeling, or home repair work on the residential real property, provided such person does not hold himself or herself out, or advertise himself or herself, as being engaged in business as a home inspector.

With current conventional programs you could actually get the second property using a 3% down conventional loan which saves you half a point on the down payment and FHA related cost. 

Most of it has nothing at all to do with investing, but it will give a good grounding in real estate fundamentals, contract law and government regulations.Happy holidays!

Under a county program, I qualify for an income-based first time home buyer loan with these terms:The loan requires 3% down payment  No mortgage insurance  The maximum loan amount is $417,000 Provides first time buyers with up to 25 percent of the purchase price to assist with the down payment and closing costs.When it comes to resale values in these loans, there is a set price value when selling: "The Set Price is calculated as: original price paid, plus annual appreciation based on increases in the Area Median Income (average 2-3% annual appreciation), plus the cost of capital improvements made to the property.Is anyone familiar with these types of loans? 

There is a certification program for Chinese drywall remediation.  

Two different types of programs. 

Hello fellow Indy investors,I was talking with another local Indy investor and heard that Indianapolis is instituting a receivership program in 2016.  

Universities and government services create stability, which do shield the community somewhat during a downturn.