Thanks for the tip, it is actually on my to do list, I heard REIA talked about on the podcast and plan on searching for one in Utah.

Do you plan on investing locally?

The original plan was to live in one unit (as requird by the loan terms) for one year and rent out the other, then move & rent both units after the 1 year requirement (currently living with relatives).

@Candi Kham,I recommend finding an accountant that specializes in real estate taxation and financial planning.

We also liked it as it was easy to split with a daylight basement to the parking lot and a 3bed 2bath home upstairs.

Value was added through unit rehab and amenities, with more improvements planned.

Hi, Couple of questions:1) Do you plan to refinance in the future?

But since I am now an agent in the wholesale space, I plan to focus on local investing :) Hoping to do my first flip later this year. 

If I buy house for investment i run the numbers and everything look good but and its a big but... the house on flood zone from 1-10 he at 9 now let me make it clear its not a lake or something close to it city close to downtown chiago not lake around it very metropolitan area.. but flood zone 9 so i know its can be a big factor when i want to riff after i finish my renove there and want to take my money back 75% i know also the insurance van be factor with the price i can pay every month.. so if some have idea or experience with this subject the house located  oak park Illinois.. 

Before you buy know where you can get the roof materials in Texas and truck it there as a plan, and pay contractors from out of state.Did you get an insurance quote?