I purchased a property in Chicago in 2024 and pay $400 a month for my water bill (unmetered).

I collect both a security deposit and purchase a damage protection waiver.

Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you . 

Purchase price: $107,000 Cash invested: $80,000 Sale price: $280,000 Sourced an off market fix & flip deal in the western suburbs of Atlanta near an area where I knew an Amazon facility was being constructed and buyer demand would pick up.

@Michael James Hamlin I'm a former tax accountant/business consultant turned fix n flipper and investor friendly agent. 

purchase and rehab, sell 236k, with seller contributions, holding closing and selling costs ...

I used bank/credit union mortgages for 80% to 97% of purchase prices. 

Laguna is a great area I have some good friends down there if you need some references. 

Your original purchase is depreciated over 27.5 years.

Purchase price: $1,150,000 Cash invested: $200,000 Sale price: $1,599,000 Welcome to your dream home!