203K is a good option in the right circumstances but be warned the red tape on these can be the cause of a lost deal in no time flat.

I was the lender on a MF there and unfortunately had to take the property back.

I actually think your circumstance is different from Illinois's circumstance. 

There's also a bigger pockets meetup at the beginning of the month which unfortunately usually conflicts with the TREIA new investors however.  

Unfortunately it looks like the current proposals are looking to shift the tax burden for education to investors with this.

Under the best circumstances my quick math puts you nearly $700 in the red each month.If your biggest concern is the electrical, why would you assume you can fix/replace everything yourself for only $10k?

This is unfortunate.....but there are literally sex offenders everywhere.

Unfortunately, my HOA ($100 a year style) says no new rentals until it reaches under a certain % of the homes. 

I know others who buy rehabs from wholesalers.The right strategy for you depends a lot on your own personal circumstances.

@Christian Smith Unfortunately this is how alot of beginners feel.