Might as well get it done then.Your best bet is to refi your loans down, graduate, pickup a job that requires your major (so it’s hopefully secure, and you and your kid(s) can still live life okay), then proceed to spend your extra time finding work that you truly enjoy (the earlier the better).

On the other hand, it will be in your best bet to find establish couple local construction companies and have them bid on the project.

I imagine the fees could eat you alive with multiple accounts, but being I am totally new at this, I'm not sure what is the best method.Thank you for your time, knowledge and advice in advance.  

She had a total due of a little over $900.

@Raylan Williams  You bet, Ill check it out. 

They do not tend to like working with newer buyers needing tons of help buying smaller properties for a lower commission check.If you can be more descriptive such as your net worth and liquidity, annual income from job or business, total global cash flow, asset type, deal size, LTV with amount you are looking to put down, area, cap rate expected, fully stabilized or value add,etc.All of these things a good commercial broker will KEY in on to see if what you are wanting to do is readily available or you are looking for a needle in a haystack or wild goose chase type thing.If you are looking to find above market cap rates there are REIT's, pension funds, insurance companies that buy hundreds of millions a year in properties that I can call to purchase in 3 to 4 weeks close all cash.

I don't have enough reserves to bet on a continual appreciation with a negative cash flow.I have so much to learn, at times I feel overwhelmed but i'm just trekking along doing what I can.    

I am expecting my total rehab cost to come in at $14k.

To show you just how powerful the compounding effect is, answer this question:  If you took one penny, just 1 simple cent, and doubled the previous day's total for the next 30 days (i.e...day 1 = 2c, day 2 = 4c, day 3 = 8c, day 4 = 16c. and so on...), how much money would you have?

My husband and I currently own 3 properties in Chicago with a total of 5 units not including our primary residence.