Beautiful places!!

And I've done so.However, in retrospect, I got small red flags with this real estate agent all along the process.

Beautiful area of nice homes, 2 blocks from an elementary school, 1/2 block from two different lakes and a beach without the lake taxes, and 8 minutes from Uptown or Downtown. 

With a 203k loan there will be delays and red tape.

You can't purchase an owners title insurance policy after taking possession -- unless a full title search is undertaken -- and at that point when an owner requests this the red flags are already flying high.

It is a beautiful interior and attached to a second unit, which is not for rent and has tenants already.

Sometimes it can be a red flag so make sure to screen the landlord questions carefully. 

The beauty of CRE is to be able to add value to a property.  

City of Elgin Code Enforcement requires rental licensing for all rentals and if they find a problem, such as your front porch, they will "red tag" the property which is in fact marking it condemned and uninhabitable until properly repaired.

For the record, my guys and I are not too shabby at installing and finishing hardwood in place ourselves, but for rentals, we tend to stick with $2.99/ft2 plain-sawn No. 1 red oak on sale and three coats of oil-based poly at $100 per five-gallon can.But even if I could get the kind of ultra-high end oak flooring Joshua's talking about cheaper than PEI 5 impervious tile, I would still do the tile in kitchens and bathrooms.