How can you cash flow in Chicago area?

[Francis Rusnak]

I fix 'n flip in Chicago area and always want to get sucked into rentals. But when I run the numbers and account for EVERYTHING, the numbers don't add up. 

Maybe I'm being too conservative but 1-200/month cash flow is what I'm ending up with. Add in turnover cost and I don't see how everyone is making money with rentals in IL. 

Property taxes are through the roof; are you able to petition those down similar to your own residence? 

[Ibn Abney]

@Francis Rusnak Come South of the Loop!!! Tons of cash flowing properties and rental rates are surprisingly higher than many expected.

Not all areas south of the loop are warzones and property values are 40%-60% cheaper than similar properties north of the loop!! 

Good Luck!!