Your second stop is an experienced real estate accountant, to figure out whether an exchange makes sense for you.

(Not talking about the sales pitch festivals.)

Option one would be to assign the unwanted contract prior to closing and collect difference between the contract price I have and agreed to sales price with the assigned buyer and retain the desired property.

I figured asking would be the best strategy but definitely wanted to have some ranges like you mentioned prior to sounding completely ignorant.

The contract you will sign to secure the property is typically a purchase agreement or contract of sale.

.), ask tons of questions, and figure out how to hang out with people who are doing what you want to do (add value, work for free, do anything to get that experience.What area of Chicago are you looking to invest in?

It's a tough call, but you'll figure it out!

I figure if they are that cheap they won't have a great property.  

Here's what I'm trying to figure out:What's a good first step for someone with a bit of property equity?

Also what are the steps to figure out if a multifamily property would work with fha?