Share your assumptions below for a tailored model and insightsNeeded: Rent, Rental Growth, Occupancy, Interest Rate, Loan Amount, Property Tax, Maintenance Expenses, Purchase Price, sum of all Closing Costs (including commission), HOA Fees, and Renovation Costs.

Also, there are construction loans that pay for the entire build project including land. 

I'm looking to purcahse a triplex or 2 unit using fha loan also live in one unit. any advice on which suburb of chicago is good to buy this type of property or where i can find that type of property spending no more than 350k. any advide will be very appreciated 

Why doesn’t he just write you a loan for $50k for 2 weeks at 6%?

I am almost done renting it out and it's going to cashflow $400-500 a month with a 4.38% loan.

So how do I obtain a loan without proof of income?  

I am below 50k left on the loan. 

They would prefer that the house is either sold, or be bought out.I could be to apply for 203 K loan if I am willing to stay in the property for a year as my primary residence.

You can use a DSCR loan to purchase them. 

I think it was the first time I heard the phrase, "mailbox money".