Your best option for the remainder of the renovation costs may be credit cards (assuming you're comfortable with that), and of course friends / family / partner, 401k loan, etc.   

Environmental:  You may need Pollution coverage depending on the property and what is being done. 5. 

Two of my closest friends were born in Birmingham and Montgomery go figure. 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

This is very doable for me given my current financial situation, however after two friends recently expressed interest in moving in, I was thinking of "house hacking" and renting two of the rooms to them to offset some the mortgage.

I have friends who are wanting to sale their property but I dont know where to begin.

@Jake DeAtleyYeah a friend said the same about grays harbor...location, location, location.

Hi there BP friends! 

Just pay them off as quick as possible.ALSO, you could tell friends and family what you are doing and maybe someone will ask if you need some help.

The city has some real specific rules about operating them and they’re not really investor friendly.