I have become a little stagnant in my pursuit of real estate, and im trying to get a better view of my situation I would like to get into a multi family property by the end of the year. i bought my first house in 2015 with an FHA loan, and then I decided I probably needed to do some research to figure out what I had gotten into.so far I am debt free excluding my hpuse but i dont have a career, i am employed but its nothing worth mentioning. i have about 70k of equity in my house and I have about 5k saved up.let me have it. what should I do.

For clarity sake, the previously mentioned "cash" term refers to liquid cash (cash in my bank account) not cash-out refi. 

You mentioned just south of Gate City Blvd and I was wondering are you talking more about the downtown area to I-40, or elsewhere?

I should mention that we are doing close to a 50/50 mix in the Chicago area.

In Wednesday's webinar, Brandon mentioned that when he makes offers he includes additional things in the price to try to make up the difference between what he needs for a deal vs what was offered.

By the way, I read that book mentioned by Joshua, and like every book that talks about construction cost depicts a cost that is localized. 

As most have mentioned talking to a loan officer is going to get you the answers you are looking for. 

Different posts here mention the following, quite different, tactics:- bid 85% of reduced price (which means Net to HUD will be under 80%)- bid so that Net to HUD is 80%- 88% Net to HUD rule still applies after 1st reductionCould anyone share actual experience with successful bidding after 1st reduction?

Thanks for the feedback an it’s funny you both mention getting a new accountant as that has been on my mind from some other prior dealings....advice noted

You mentioned that you might want to Airbnb the addition?