I think if you have the opportunity to buy a multi 1-4 unit, live in the unit and rent the other units, this is huge win, especially as you begin your investment strategy, now you can take advantage of all the great things an investment property offers.Consider a 203k renovation loan:  (3) Secrets Everyone Needs to know about using a 203k loanIf you need an awesome FL Renovation Loan Lender I suggest sending me a PM, I can send you some awesome lenders.Much luck and success!

@Gloria Riley  while its pretty straight forward what needs to happen when buying dirt, there is a very well known process from start to finish.. no secret there.the number one stumbling block I would see with anyone trying to start is construction financing. your talking a very large construction loan.. and I am a small time builder developer usually no more than 10 million out in construction loans at anyone time.. and I know what I need to do financially to get a bank to fund me... its far more than just having capital ( which these projects take a boat load of) but its experience and relationships  that are needed..

I would be most grateful if some of the more experienced rehabbers and flippers would share their secrets and sources for getting countertops more quickly.

Mostly they will separate you from the little money you might have now.Read this very long thread:  The Truth About Wholesaling.Wholesaling sounds like its very easy and quick to generate big paydays with little time, effort or money.  

@Edward Briley Shhhhhh Edward that's supposed to be a secret

I think this is absolutely brilliant!

I do believe that today's leaders have realized the mistakes and are trying to make an effort to correct, but as a whole we are still not where we need to be.Now, in regards to Detroit's rebound there are of course a number of factors contributing, but it really boils down to a couple of  significant ones IMO:1.

You can get more doing it on your own by privately lending to rehabbers, but you run a higher risk and need to put more effort into the lending process.

And then whatever set this lender & underwriter off, could set that one off too.Your purchase price is not a secret.

@Toby Leitzman I don't know specifically Indiana law, but make an effort to learn the law.