The areas where I forecast the strongest future growth are Rogers Park, Albany Park and Portage Park.

The other thing...all the loss models are being updated with these events making insurance risk higher which translates into a higher quoted cost...so no surprise to the industry folks. 

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

You should be figuring out how your business model will be impacted by any of the above potential disruptors.  

Maintenance is NOT 35% no matter what your model may say.

I can appreciate your frustration Jerryll when you see people use/take/model/steal your design you worked hard to test and perfect.

Picking a servicer depends on what fits your business model and experience. 

Lots of people think that STR is just instant cashflow, but it is fundamentally a different business model.

I’ve already considered investing in multi-family homes but their business model and content seemed almost too good to be true.And I believe I’d be well-positioned to do this on my own if I were in one of the markets the Flip System targets, but what really caught my attention was the leverage they offer — network of contractors, etc.

Replaced the roof, replaced the flooring with lvp, fresh paint, upgraded the fridge to a high end model.