I still need to speak to a mortgage broker regarding how best to acquire the property using the funds as 20% down + closing costs + light rehab and furniture install.

5% loans on facebook BP or linkdin are frauds  its a due diligence pump and dump scheme 99% of the time. they will want an up front fee you pay it and never hear from them again.its the real estate version of the Nigerian prince schemes.. especially newer investors who don't realize there is no such thing as these rates in the marketplaceunless its a govmit backed owner occ home loan .

To make the long story short, she acquired the house, wholesaled it and made a cool $10,000 wholesale fee just because she tells everyone "I buy and sell houses".

Two years later, I had to buy a whole new floor because I installed it wrong.The lesson: Do yourself a favor and budget for hiring professionals to do your renovation work

City of Joliet still looking to vastly increase fees on landlords, possible license and fee for all landlords and inspections of all single family rental properties.

Should I install a gas or oil furnace?

Hi @Grace Wang, make sure to get competing bids and really understand their fee structure.

I would be more worried that the deed or lien isn't already owned by an investor who is waiting for someone to do exactly what you are trying to do and collect his redemption fee.

The rate, fees, and term has also been established.

Sell- After sales fees etc we will walk away with approx. $91K - Much less then the initial down payment and what we have paid since 2007.Keep renting - We are on the low end of rent still and could probably raise if another $25-$50 per month within the next year - other expenses - HOA- 1,120 annually ; Home Warranty - $755 annually  OR something else?