New Potential RE Investor![Calc Review] Help me analyze this deal

[Dennis Kepcha]

Hey BP Community!

So quick background, I'm a commercial GC, in the industry for about 10+ years now, so I understand the industry from a larger scale, not much overlap into small residential, but have been looking to get into RE investing to generate some long term wealth via the BRRRR method, get a little cashflow in the meantime, start relatively small, and scale right into a kush, early retirement. Because I'm sure it's just that easy..

But really - I've been analyzing several deals with the BP BRRRR calc tool focused in the chicago metropo market, not really burbs, and could use a little help. I don't know if I've just been ultra conservative, maybe adding expenses where not needed, (maybe missing some??..) but have basically found nothing worthwhile from Redfin, Trulia etc..

I came across the property in the report below, but eased up on a few of the expenses and was a little more liberal. I finally found a potentially good cashflowing deal, but want a second, third, fourth or as many opinions as I can get. Where am I heavy. Where am I light.. 

This property is in Avondale, figured I could get close to $40k down from asking price, would live in the property so assumed I may be able to get a 203k loan. I have a couple resources for private money as well, but calculated it without considering a cash deal/structure with private money - I dont see the value in that just yet, but may end up having to.

Any feedback would help. Willing to connect further with anyone looking to dump their knowledge and wisdom.

thanks BP!

View report

*This link comes directly from our calculators, based on information input by the member who posted.