My ideal criteria includes: 1,200 - 1,500 sqft, 3 bed, 2 bath, garage (contingent on elevation), and bullet proof.I have seen some listings for somewhat odd and overgrown parcels of land selling low where the numbers might work quite well.

I usually have to satisfy a majority of the following criteria before I purchase a place: at least 1.25% rent/value, 10% cash on cash, 10% CAP Rate, net income of $100/renter.

It really helps me to be as specific as possible when setting a goal.

(I'll list some books below that are great to start with) Joining your local REIA is a GREAT way to get into the world of investing for your specific area.

I have a new agent that understands my investment criteria and is willing to view multiple properties. 

Are there any criteria for joining a REIA or can people like me who don't have investment properties also join?

Send them a flyer with the specifics of the house.

AllIt looks like there are a number of people from illinois and specifically near the fox valley region!  

I am looking, specifically, at using the 203(k) loan program through FHA for my first home purchase, and I am doing research as to what exactly that process would entail, or whether there might be a better option for rehabbing my own first purchase, post-closing.I live in the Maryland suburbs of Washington, DC, and am originally a native of Baltimore, MD.

To this end, I will have multifamily designs that  I will execute in specific markets as a proof of concept, for both the viability of construction, as well as my ability to manage and maintain a multifamily asset.