I am working on renting out the house I currently live in.

The below article indicates Chicago will be selling vacant lots of land for $1 each to those who qualify, such as living on the same block.  

I live in Denham and work near Gonzales.  

My husband and I live in Portland, Oregon and bought a small condo there last year.

More specifics appreciated.Hello:Well, as I am sure you gleaned from RDPD, start living below your means to save up as much money as possible every month.Also, wholesaling is something you can do with very little money (although it's not easy and you need to get some advice).  

Property $40,0000 + $3,000 Rehab ($850 Closing) - Rent conservative $700/mo - optimistic $750/mo   (its a 3/1 I have a 2/1 close that I rent for $700 right now)Commercial loan from portfolio lender that will finance upto 85% of broker price option of $50,000 (terms 25yr at 4.35%) as long as DSCR is over 1.25 its over so no issue.Would you ratherA. put 20% down and finance $32,000 ($11,850 in) with $244/mo cashflow on $700  $700/mo- $175 mort- $75 tax- $56 prop man (8%) (I pay 6% because every property over 4 with them drops from 8% to 6%)- $45 ins- $70 repair (10%)- $35 vac (5%) - property management is local and averages 2-3%= $244 ($174 if you figure 10% capex, but some people only do 5% repair then, which would be $209 cash flow)$2,928/$11,850 = 24% cash on cashorB. put 0% down finance $40,000 ($3,850 in) with $200/mo cashflow on $700$700/mo- $219 mortgage- $75 tax- $56 property management (8%) (I pay 6% because every property over 4 with them drops from 8% to 6%) - $45 ins- $70 repair (10%)- $35 vac (5%) - property management is local and averages 2-3% usually 20-30 people per open house I rented my last house in 4 days= $200 ($130 if you figure 10% capex, but some people only do 5% repair then, which would be $165 cash flow)$2,400/$3,850 = 68% cash on cashI live 25 minutes away,  I like the cashflow higher but I have a good W2 job that allows me to invest $2,000 a month of my own income into real estate plus cashflow from properties is all re-invested. 

I know of HELOC, delayed financing, and FHA (203)k loans but I'm not sure these will maximize my investing potential in the long run and I don't plan on living at the property.  

Word of mouth, marketing yourself every day on all platforms, have a good CRM to maintain everything, open houses, knock on local neighbor doors and facebook.  

BP - I live in Houston, TX, and unless you have been living under a rock, you have heard about widespread flooding from Hurricane Harvey.  

Hey BP community,I am looking to organize a casual drinks / meetup for folks who live & work in New York City and who invest in real estate part-time.