It is a cusp neighborhood, so I think it may be worth just putting in market rate tenants rather than jump through the hoops for a potential 200 dollars more a month on section 8. 

There's some good people there looking to better their neighborhood.

You just need to mail more and to a larger list Caleb  if you read the NPN threads you will see them talking about the lack of product.the fact is markets cycle.. and many who did well wholesaling years ago in the bottom of the trough there just is not the inventory there to make it a viable strategy today.. not to mention how hard it is .In my mind this is a testament to real estate firming up and bouncing back.. no need to wholesale the house put it on MLS and get top dollar.of course you will always have your hoarder houses or weirdo's who are afraid of real estate agents..  

As a self-employed borrower you need firm answer from lender which you should get it from your lender.

The weather of Chicago and how various neighborhoods and suburbs react to the signs will test your patience and grit, but, if you can last, you'll have some leads.

@John Akolt Feel free to PM me and I can send you the contact to a firm that I know o that works on those types of matters. 

Any firms you would recommend that are located in Washington state?

What I can say is that flat lots are in demand by the builders so those neighborhoods are likely to have the shortest construction cycle, comparatively speaking.

I paid close to asking price, but it was the perfect property for us and we were tired of looking at the same old same basic ranch homes in fair neighborhoods.

It seems to be one of the next areas to become gentrified but, is definitely not a bad neighborhood.