. - To benefit from the growth of the high population growth markets / big job growth areas, you don't always need to be in the same zip code, you just need to be within a reasonable commute.

Hence, why there is an up charge to make up for the difference. 

PM me and we can set up a time for a quick call.

You may be able to find 15% down but even that is VERY hard to get and with the changing lending climate could completely dry up.

A few things to consider when starting out:1) Be sure you have liquidity for the down payment, but also a healthy reserve account, since unexpected costs will come up while owning real estate. 

They'll have resources.Also - check with your real estate broker regarding asking the seller for a credit (FHA allows seller credit up to 6% of loan amount) toward paying closing costs. 

They owe 68k, it does need some work, I’m willing to put in the work to bring the value up if I can get it back on the gift, it should be worth about 200k, the house next door sold for 225k.How does gift of equity work?

Do they just build up enough equity to refinance into a conventional loan in 1 yr? 

Chicago winters can be harsh, so we're curious if anyone has had a good experience using a heat pump with an ancillary heat strip for those extremely cold days when the heat pump can't keep up.

The answers are invariably yes for new investors, and usually for seasoned investors too—the reason being that you need to know what you are getting into.There is a second equally important reason, though, especially when buying from homeowners or investors: You can usually get a credit or additional work done based on the results of the inspection report.