If I were @Christopher Riley West, I would take the HML and start renovations ASAP and then start talking to banks to get the ball rolling on a refinance.

Or if it's better to BRRRR or FlipHe would either help with rehab or simply lend money at interest.SFR 3 bed/1baPurchase detailsPurchase: 47k cashClosing costs: 2kRehab: 15kI fund 22k cash, he funds 42k HML 12% interest only.Rehab time is 2-3 months in our spare time and around $1000 in holding costs (taxes, electricity, water, etc.)Rent post rehabRent income: 1000 a monthFixed expenses: 612.50. 8% Vacancy, 8% capex, 7% repairs, W/S/G, 137.50 Taxes, and 10% property managementGross income: $387.50 a monthOption #1 Cash out refinanceThis is where I am confusing myself.ARV: 95kNew mortgage of 75% LTV with $2k closing costs rolled in: 75,250Does this mean if I cash-out refinance I would get 23.75k cash, and have a new loan of 75k?

Hello, New to real estate investing in the Chicago land area (I live in Joliet). My primary goal is to learn for now. I'm interested in learning buy & hold and whole sale.thanks,Henry

Just reaching out for any helpful tips on forums, books, podcasts, etc to look into and read to help get the ball rolling with investing.

Thanks and noted.. i will stay away from two pipe systems.. i have linked up with a professional and we are running the numbers. checking the rent and roll and p and L

We will distribute this, when we get it.What many fail to understand, a cease and desist for unlicensed real estate activity can prevent you from becoming a plumber or anything else that requires a license.

and can anyone point to me into the right direction to get the ball rolling?

Thanks for starting the roll call discussion Tim Gordon 

The tax roll should be downloaded able into excel.

So I am here to make connections and learn as much as I can, so I can get this ball rolling!