LVP is a popular and solid choice these days for sure!  

Even if your house cash flows $250/month, which would be solid, your ROE on $115k of equity is 2.6%.

Hi all,Can anyone recommend some General Contractors in Memphis or the surrounding area that has done solid work for you, and hasn't screwed you too badly?

If you get preapproved with a Hard Money lender you can buy a distressed property but if all you can get approved for is an fha loan it has to be a pretty solid property, of course unless you use the 203k product.

@Matthew Wilson,  You have received solid advice above.   

What I like about MN is the solid market. 

We have negotiated that the seller must purchase the remaining (12) owner occupied units and dissolve the HOA before we close.

You may find another trustworthy investor who needs a little funding and just be an equity partner for them to get some solid ROI.

I am looking for an agent that works with investors in the Chicago area frequently who could direct me to a solid lender.

Mainly because investors are bidding up the current inventory purchase price and squeezing the budget for the renovations to where only people with solid labor connections and do it your selfs can pull it off.