Look at appreciation rates in both areas in addition to cash flow you would produce.

:)I've talked to 2 mortgage loan officers and they both say that it can't be for a 4plex, because it can not be income producing or an investment property, even though I mentioned I would be living there.

Thanks a lot.What attracts many people to real estate is that it's a business one can easily run while having a full time job.

Better yet, if you’ve bought property before produce a credibility book that showcases your portfolio and your numbers.4.)

I think NW Indiana in increasing in population (homeowners and renters attracted to lower taxes?)

The construction loan and term is 6.5% for 5 years but we can refi after development is stabilized (1 year) to a 4.5% 30 year which makes the returns much more attractive.

Is it something that can produce an ok annual income?

I do not read this restriction in any of the guidance produced by SBA and Treasury, and it also runs counter to NAR guidance as well.

Your local MLS will syndicate to Zillow, Trulia, Realtor.com and other sites which will help you increase exposure and attract buyers. - Open houses will help you attract active buyers and future buyers (some folks will attend just to 'browse', keep in contact with them!)

The impact will likely be spread out across the country, bringing some higher price markets down some, while raising up the attractiveness of lower cost markets elsewhere.