He has become a friend of mine and is someone with a lot of knowledge on not only the DC market, but the national markets as well.

I appreciate what everyone has to contribute and hope to contribute myself.I am a law enforcement officer and NJ National Guard Member.

I'm currently looking to expand my real estate portfolio, but through residential rentals.I work full time as a research assistant at the Laureate Institute for Brain Research and part time at the Center for Genetics at St Francis Hospital (although I plan on leaving that position soon after finding my first deal).

just goes to show you can be an Island nation in the south pacific and get rich on bird poop..

Depending on the vicinity of these new institutions you may be serendipitously gifted a blanket rezone by the State/County.

GO CELEBRATE EMOTIONS WHEN YOU SCORE THE BIG PROFIT AT THE END OF SALE OR REFI AT THE BAR etc etc lol.The bank will go lower, they always will go lower.Banks are down right retarded about money when it comes to an REO - they make bad choices financially from our perspective looking in, but that is what creates opportunity for people like us.A good deal......... depends on the ARV and trends in that area (comps) I don't know any markets in Illinois but nationally in compact areas if you can still get it bought 25-30% below the comps then that seems to be good.

Hell BP Nation!                       

You should start speaking to some local and national lenders to see if they are interested in helping you buy this property.

You can also look at any institution's information and see their loan concentrations, residential and commercial, usually you can assume that the one generating the most loans in your area must have more experience.

Is there a status/any info regarding this and were you able to find any financial institution that was able to get this done?