Welcome David,Look into the numerous blogs and podcasts here on BP that will definitely assist you in your REI journey.

As stated am new here, but will be contacting some of you for more info and to assist and be assisted!

This woman is also on public assistance which is what she will use pay her portion of the rent plus she has food stamps.

I want to go multi family and have around 30k to put down, so probably will seek FHA (Have to be owner/occupant for 1 year I have been hearing?)

I would appreciate all guidance and assistance that anyone can provide.

Heh... just had another thought... that if the contractor was this cheap to short-cut fill, the slab is probably really thin too, assisting in the breakage.

When I finish my current project I am planning on paying for an appraisal before I seek bank financing.

Im a part-time real estate broker and landlord.My goal in 2014 is to establish a healthy flipping business.Currently seeking Single Family homes on the NW side of Chicago or Suburbs for rehab.Im interested in meeting people in the Chicago area who want to network in regards to house flipping and multi family properties.

Always on watch for guru upselling, but seeking genuine education at the same time.

Either way, definitely seek the advice of a CPA and depending on what your plans are, it might not be a bad idea to talk to a tax and/or real estate attorney.