Cicero rental property owners/investors, Please share your insight on this dealI have 4700 W 20th St Cicero under contract for $245,000- 2 units: 2 bed 1 bath + 11x6 sunroom- 2 units 2 bed 1 bath + small porch- 1 garden unit (studio) -1 central radiator system, Hardwood throughout, Seller is making Cicero repairs. - 1 unit needs new kitchen & new toilet & vanity & 1 wall of drywall.- Windows are oigional with old aluminum storm windows some are broken.4700 W 20th stMarket rate (conservative est) Market ratePainted, StainlessAll rentedcompetitivly priced including basement1st floor Front 2bd 1ba includes front porch9009009001st floor 2bd 1ba with heated sunroom 6'11"x 11'9009009002nd floor 2bd 1ba + front porchKitchen needs floor sanded, cabinets plaster, paintBath needs toilet & vanityPorch needs drainage8758752nt floor 2bed, 1 bath heated sunroom 6'11"x 11'900900900Basement STUDIOEgress windowsdrywall, 1 wall needs fixing500Garage$120$150$150Mortgage 260 for 3 units270 for 4 units280 for 5 units-$1,248-$1,296-$1,344heat (heat & cooking)-350-350-350Tax-$635-$635-$635Water & Garb-300-300-300Insurance-$145-$145-$162ElectenanttenanttenantUnits Rented3 units4 units 5 unitsMonthly Cashflow$142$999$1,434If this were 2016, I know I would be overpaying.

We currently own a 4 -Unit in Hawaiian Gardens CA (purchased 2015) and a 6 - Unit in Long Beach CA (purchased 2017).

If anything use your credit to get lender financing, home depot or Lowe's account and build that way. 16% interest rate is too high to make decent cash flow. 

i am married, my wife  [ 60 y/o ] is also disabled due to no kidneys and is on Home Hemo Dialysis, but she spends hours everyday looking through real estate , and though we have found several great oppurtunities, we have no been able to capitalise on them due to out low income and crummy credit ,  [although when i moved here i had 621 score until when I tried to refi through Loan Depot, they really messed me up and I am not sure what my score is now.]I think the first thing I need to do is repair my credit as best as I can, as well as see what kind of assets and value I have to help me get the investing process going. [ kinda long story packed with lessons there]  Due to a small windfall we have $5,000 earmarked for beginning real estate investing in hopes of getting our of our crushing poverty trench.I want to begin by doing non rehab wholesaling,  but am also wondering if Tax Lien investing might allow me more bang for my few bucks. 

I’d tell them your not replacing it if it’s not broke and If they want a new fridge then they can go to home  depot and buy that big fancy digital display stainless steel double door one themselves ! 

@Ken Nyczaj to save you some further headaches and quickly identify your water leak source, I'd suggest having your builder, or you, get a simple water pump and 50-100 ft garden hose (link: WATER PUMP) which will pull the standing water out of the area, and put a carpet fan (link: LIGHT DUTY or HEAVY DUTY) down there for a few days to dry everything out (especially your wood framing and the insulation) to prevent any further/potential mold growth.

We are able do much of there work ourselves out of revenue and with home depot  0 percent promos.

It took some time to find the property and I looked east of 95 from palm beach gardens to delray.

Ensure you take time to listen for loud thunderous trains or airplanes taking off while sitting in your garden.

Garden 2br 1ba: $1500 just signed lease.